Henley’s HMT advises Social Value Portal on £8.5m Series B investment
Social Value Portal (SVP) has completed a £8.5 million investment round with the help of a team from Thames Valley accountants HMT LLP.
Founded in 2014 and headed by CEO Guy Battle, SVP enables organisations to measure the social good they deliver to communities, people and the environment in financial terms. It also helps them to identify new opportunities to boost their positive impact.
HMT worked with the company in an extensive advisory role to secure Series B funding from Mercia Asset Management and Beringea. The team, led by Partner James Thomas and Director Jack Longden, oversaw a competitive process which produced offers from a range of investor profiles.
With the new capital, SVP plans to tap into growing demand from the public and private sectors, as well as launch a new Social Value Academy to educate business leaders and help weave considerations of social value into the fabric of business decision making.
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Jack Longden of HMT said: “SVP have built an enviable position as the go-to solution for forward-thinking organisations seeking to measure and optimise the social value they create, with an accelerating market opportunity ahead of them.
“In a competitive fundraising market we are pleased to have supported Guy and his team in securing the new investment to deliver their strategy and look forward to working together again the future.”
SVP supports more than 16,000 users from its offices in London and Manchester, with clients such as the NHS and Met Office in the public sector alongside corporate firms like Accenture, Vodafone and Fujitsu.
The company has seen rapid growth as tighter regulations and public scrutiny necessitate a way for businesses and organisations to clearly outline their non-financial impact.
Thanks to its latest Series B funding, SVP remains on track to fulfil its pledge of helping organisations to deliver £100 billion of social value by the end of 2026, with the number currently at £17 billion.
CEO Guy Battle added: “These are really exciting times for our business and we are delighted that Mercia have invested in us alongside Beringea to help us scale and support more organisations to deliver a positive contribution to society and the planet.
“HMT were trusted partners throughout the process, understanding our business and our ambitions before using their extensive market experience to identify and negotiate an ideal investment solution.
“James and Jack were a great source of knowledge and support at every stage, enabling the management team to stay focussed on the business.”
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