# Tumelo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tumelo

- Industry: Software
- Headquarters: Bristol, UK
- Website: www.tumelo.com
- Total disclosed funding: $19M
- Latest round: Series A (May 10, 2022)
- Investors on record: 4

## About

Based in Bristol, UK, and founded in 2018 by its CEO Georgia Stewart, and co-founders Will Goodwin, and Ben King, Tumelo Limited trading as Tumelo, operates as a fintech company that gives investors insight into which firms their money is being put into. In May 2022, Tumelo Limited raised USD 19 million in series A funding led by a new investor The Treasury,  with participation from other new investors Nucleus Adventure Capital, Legal & General Investment Management, and Fidelity International Strategic Ventures. Individual investors also participated in the round. As of June 2022, the company has partnerships with 17 investment platforms and 75 fund managers in the UK.

Tumelo Limited offers white-label software integrated with existing investment platforms and helps robo-advisors, and pension providers by giving a view of the companies its investor own and a shareholder voice on  ESG issues, informs about new votes, and vote results via email or in-app notifications, provides the opportunity for feedback on environmental, social and governance (ESG) issues such as CEO pay, gender equality, climate change, and board diversity. The company's client base includes Legal & General, Aviva Investors, Fidelity, Cushon, Wealthyhood, and iClima.

The company will use the series A funding to further develop the investment transparency platform and focus on its expansion into the US, Australia, and other markets.

## Funding rounds

- Series A, May 10, 2022, $19M — Legal & General Investment Management, Nucleus Adventure Capital, Treasury, Fidelity International Strategic Ventures

## Investors

- Legal & General Investment Management (https://capitalatlas.ai/funds/legal-general-investment-management) — Series A
- Nucleus Adventure Capital (https://capitalatlas.ai/funds/nucleus-adventure-capital) — Series A
- Treasury (https://capitalatlas.ai/funds/treasury) — Series A
- Fidelity International Strategic Ventures (https://capitalatlas.ai/funds/fidelity-international-strategic-ventures) — Series A