Turnkey secures £2.5 million investment from the Maven VCTs

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Funding from the Maven VCTs will enable the business to support further innovation and accelerate its global expansion strategy.

Published: Oct 19, 2022
Focus: Growth Capital

The Maven VCTs have completed a £2.5 million investment in the award-winning sustainability solutions provider, Turnkey, to help accelerate its five-year growth plan.

Established in 2015, Turnkey is a purpose-led environmental, social and governance (ESG) technology software and analytics platform. Turnkey’s technology platform supports company strategies beyond compliance; it provides detailed insights into company ESG performance in real time. This unique approach allows business leaders to use ESG data to make a real impact on the environment and advancements within the organisation.

Based in London and Singapore, the company works with a multitude of organisations across the financial, investment and corporate sectors to help them aggregate, strategize, and report on their ESG data.

Utilising their innovative SaaS platform, Sustainion, Turnkey works with businesses to map performance against ESG frameworks and regulatory requirements, while highlighting opportunities to mitigate risk, boost operational efficiency and save costs.

The investment from the Maven VCTs will be utilised across three key areas: people, product and performance, and will enable future expansion plans. While a significant portion of Turnkey’s growth to date has been in Asia, the funding will fuel the company’s expansion across other regions, including Europe.

As well as growing their workforce and locations, the company has ambitions to scale their technology platform to ensure their solution stays at the forefront of innovation in a rapidly evolving market.

 

“Since our inception we have had backing from a number of small-medium sized investors, but this is the largest external investment we have ever had. Fundraising to this scale will have a significant impact on what we do next, enabling us to expand into new territories, support more organisations to make a real difference and invest heavily in our technology platform to ensure we’re always at the forefront of what we do.”

Tony Wines, Turnkey CEO and Founder of Turnkey

 

“We are thrilled to be part of Turnkey’s journey as they look to geographically expand their offer and develop their technology. As a business, we are excited about investing in a forward-thinking, market leading ESG brand that has ambitious goals for a sustainable future.”

Gareth Price, Investment Director at Maven

 

“Our technology platform is central to everything we do and enables us to work with our clients to make a positive difference for people and the planet. We’re going to be focusing on expanding the capabilities of the platform over the next few years, using this investment to dig deeper into benchmarking and predictive analytics. 

Aurélie Zeller-Nahappan, COO of Turnkey

 

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Growth Capital

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