Honest raised £3M in a seed funding round led by a group of leading angel investors and VCs to revolutionize the mobile industry with planet-friendly SIM-only plans and sustainable business practices.
May 18, 2024•over 1 year ago
Amount Raised
£3 Million
Round Type
seed
Investors
Tiny VcSide By SideAscensionWayraTelefonica’s Venture Capital ArmDmg Ventures
Description
Honest, a purpose-led brand, has reported YOY growth of over 100% every year since launching in 2019, while becoming the UK’s first and highest scoring B Corp mobile network, the UK’s only carbon negative mobile network, and among the top-rated UK mobile networks on Trustpilot with an average score of 4.7 out of 5. They have closed a £3M funding round, bringing their total funding to just over £4M.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers