Manufacture 2030 is a purpose-driven company helping global brands measure, manage, and reduce supply chain emissions in line with net zero targets
Equity funding will scale the firms’ operations and enhance marketing capability to expand client base, geographical reach, and branch into new vertical markets
Oxford, 28 March 2023: Maven Capital Partners (“Maven”), one of the UK’s most active investors in growing businesses, has today announced that the Maven VCTs have invested £3 million, alongside Amati AIM VCT, managed by Amati Global Investors (“Amati”) investing £2 million, in Manufacture 2030 (“M2030”), an Oxford-based technology company, that works with some of the world’s largest businesses to reduce greenhouse gas (“GHG”) emissions across the value chain, including hard-to-measure, third party ‘Scope 3’ emissions.
M2030’s highly scalable SaaS platform and support services enable suppliers to measure, manage and reduce their environmental impacts, cut costs, and reduce risks, all while helping their customers meet their climate goals.
Its suite of tools and best-practice data, enables suppliers to baseline waste, water and GHG emissions, at a site level, and then build and implement detailed reduction plans to achieve science-based net zero targets.
M2030’s platform currently supports thousands of suppliers in over 70 countries convened by more than 30 global supply chain programs, including those of Asda, Bayer, Ford, GSK, Reckitt, and Toyota.
The funding from the Maven VCTs and Amati AIM VCT will be used by M2030 to capitalise on opportunities in key global markets, including the pharmaceutical, retail, automotive and consumerpackaged goods, while expanding into carefully selected new sectors. The investment will also be used to accelerate product development, adding new functionality to its innovative, proprietary software platform, and scaling its go-to-market capacity across North America and continental Europe.
The business occupies an attractive position in a rapidly growing market that has strong underlying drivers, as global corporations and organisations seek to achieve net zero targets set by government and intranational institutions. A robust and implementable climate action plan is increasingly becoming a prerequisite for suppliers to be selected by their customers. M2030 makes it easier for suppliers to achieve this.
Luke Matthews, Investment Director at Maven, said; “The manufacturing sector and its 17 million factories are responsible for a third of global energy consumption and 36% of carbon emissions. As a result, sustainability has become increasingly prominent in the agenda of corporate decision makers and solutions such as M2030’s are playing a critical role in helping manufacturers to become more resource efficient and minimise their environmental impact. The investment in M2030 represents an excellent opportunity for Maven to enter a rapidly developing market at an early stage and back a business which has already demonstrated good commercial traction.”
Martin Chilcott, Chairman and CEO at M2030 added: “We are delighted by the support of Mavenand Amati to help us build on the huge success we have experienced over the past few years. This investment will help us to scale our organisation more rapidly and accelerate our work to help manufacturers across the world decarbonize in line with climate targets. We are looking forward to this next phase in M2030’s journey and continuing to play our part in tackling the greatest challenge of our time.”
About Maven Capital Partners UK LLP
Maven is a leading private equity house focused on the provision of flexible funding for high growth businesses, and one of the most active SME investors in the UK. Headquartered in Glasgow, and with offices throughout the UK, Maven has over 90 investment and support professionals providing a truly nationwide coverage. Maven has over £800 million funds under management and available to invest, and manages assets for a variety of client funds, including Venture Capital Trusts, MBO Fund, UK regional fund mandates, and Maven Investor Partners, a syndicate of institutional, family office and experienced investors.
About Amati AIM VCT
Amati was established in Edinburgh in 2010 with the objective of providing our investors with savings vehicles offering exposure to dynamic areas of the market. We aim to curate diverse portfolios of carefully analysed businesses capable of performing in a variety of market conditions. Independent and committed to active management, we have created an environment that enables our investment teams to work together effectively, focusing on making good investment decisions for our clients. With assets under management of £994m, Amati manages the Amati AIM VCT, the Amati AIM IHT Portfolio Service, the TB Amati UK Listed Smaller Companies Fund, the TB Amati Strategic Metals Fund and the recently launched TB Amati Strategic Innovation Fund.
About Manufacture 2030
Manufacture 2030 provides global brands, corporations and their small and medium-sized suppliers with the data, tools and support they need to be certain they can hit their GHG emissions reduction targets. Our unique software platform and support services help measure, manage, and reduce emissions across global supply chains. Our clients include leading brands like: Reckitt, Bayer, GSK, and Toyota. In 2022, we were selected as one of the World Economic Forum’s “Technology Pioneers”, whose use of technology and innovation are poised to have a significant impact on business and society.
