Tumelo’s £1 Million Raising

Addleshaw Goddard’s fintech team, based in Scotland, advised Tumelo on the deal.

Financial technology start-up Tumelo has raised £1m in seed funding to develop a platform to show investors exactly which companies they own through personal investments and pension funds.

The funding, secured from investors including singer-songwriter Peter Gabriel, will be used to perfect the platform and strengthen Tumelo’s team with developers and UX specialists, growing their seven-strong team to 12.

Tumelo’s platform empowers investors to make a positive impact with their money, by showing people where they have invested and giving them tools to take action based on their values, including voting as shareholders, joining campaigns to change company behaviour and switching to ethical fund and pension options.

Dave Anderson (Picture), partner at Addleshaw Goddard, advised Tumelo.

Involved fees earner: David Anderson – Addleshaw Goddard;

Law Firms: Addleshaw Goddard;

Clients: Tumelo;