Tembo raised £14m in a Series B funding round led by Goodwater Capital to expand its savings app and launch new product lines.
Amount Raised
£14 Million
Round Type
Series B
LondonFinanceFintechInvestors
Description
Tembo has secured £14m in a Series B funding round to enhance its services and offerings. The funds will be utilized to boost its savings app and strengthen its mortgage proposition with new schemes to support a broader range of customers.
Quick answer
Tembo raised £14 Million in a Series B round, dated November 29, 2024. Investors: Love Ventures, Ascension Ventures, Goodwater Capital, Aviva and McPike family office. Tembo is based in London, England, United Kingdom.
- How much did Tembo raise?
- Tembo raised £14 Million in a Series B round on November 29, 2024.
- Who invested in Tembo?
- Love Ventures, Ascension Ventures, Goodwater Capital, Aviva and McPike family office are named as investors in this round.
- What does Tembo do?
- Tembo, a subsidiary of VivoPower International, is a utility vehicle electrification company that designs electric utility vehicles for fleet owners in various industries including mining, agriculture, energy utilities,..
- Where is Tembo based and how big is it?
- Tembo is based in London, England, United Kingdom. Fundz records about 180 employees.
- Who are the decision-makers at Tembo?
- Fundz holds 1 contact at Tembo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Finance and Fintech around the same time
Companies in the same sectors as Tembo that raised within 45 days of this round, from Fundz verified event records.
- GrayQuest raised $9.3M (Series B) on January 9, 2025.
- Mintoak raised $8.3M (Secondary Market) on January 9, 2025.
- Nomupay raised $37M (Series B) on January 8, 2025.
- Fold raised $20M (Convertible Note) on December 30, 2024.
- Tapcheck raised $20M on December 23, 2024.
- Equipifi raised $989K (Seed) on December 20, 2024.
Who to call at Tembo, and when
A new round usually means Tembo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tembo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tembo, from your own LinkedIn network
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Funding Insights
What this usually meansTembo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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