Published: Sep 17, 2024
Focus:
SWIF Maven Equity Finance
Microsoft adoption specialist, Changing Social has secured investment from SWIF Maven Equity Finance, part of the South West Investment Fund, managed by the British Business Bank .
Founded in 2018 by Steve Crompton and Georgie Kemp, the leading Microsoft Partner supports businesses with the adoption and integration of AI, Microsoft 365 & The Power Platform. Globally, it is predicted that organisations will spend $3.4 trillion by 2026 on digital transformation projects which could increase to as much $6.5 trillion, driven by Generative AI advancements in workplace technologies.
Changing Social offers a broad spectrum of services designed to help its clients understand what changes are needed, conducting in-depth discovery sessions to tailor an adoption and change management strategy to give customers a clear roadmap and options for additional services. The business has built an impressive customer base including Arriva, Imperial Brands and Marriott Vacations Worldwide.
Changing Social will invest its delivery and sales teams at its new Bristol headquarters and help expand market reach in the UK and internationally. Funding will also invest in its marketing activity to drive further growth and support its operations to continue delivering quality services to its growing client base.
“We’re delighted to invest in Changing Social, making it part of our growing portfolio in the South West. From its base in Bristol it has a track record of working with clients across the UK and US, and is an example whereby the experienced, ambitious management team was a clear attraction. The South West Investment Fund was set up to support local businesses like Changing Social, a business with huge growth potential based in the heart of our region, and we are excited to support Steve and his team as they look to grow further.”
Luke Matthews, Partner at Maven
"Partnering with Maven Capital Partners marks an exciting new chapter for Changing Social. This investment will enable us to scale our operations, enhance our service delivery, and expand our reach both domestically and internationally. We are committed to helping organisations unlock the full potential of their Microsoft investments, and with this support, we can drive even greater impact and innovation in the AI and digital transformation space. We are grateful for Maven’s confidence in our vision and look forward to a successful collaboration."
Steve Crompton, CEO at Changing Social
"The South West Investment Fund is designed to provide crucial funding that empowers growth in businesses across the region. The South West is home to a wealth of pioneering companies, from leaders in sustainable packaging to those pushing the boundaries of technology like Changing Social. We are delighted that several businesses capitalised on this opportunity in the last quarter, securing over £5m in equity investment through our funding partners. We encourage any business considering its next step to explore how the South West Investment Fund could unlock new potential.”
Jodie Tableporter, Director at the British Business Bank
SWIF - Maven Equity Finance can provide investment of up to £5 million to support ambitious earlier and later stage businesses across the South West of England. The Fund has also backed sustainable packaging innovator, Kelpi, global wireless solutions provider Blu Wireless, and healthcare buy and build operator, Covestus.
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