You are here
Big Society Capital backs social investment catalyst Numbers for Good with £250,000 investment
Numbers for Good today announced it has raised £250,000 investment from Big Society Capital, the social investment wholesaler.
The investment will help Numbers for Good expand its operations so that it can better achieve its mission to help social enterprises and charities access social investment and to attract new organisations and individuals to invest socially.
Numbers for Good was founded in 2012 by Bertrand Beghin and Dominic Llewellyn with a mission to use finance as a tool that empowers social enterprises, charities and other organisations striving to improve the world. Since then Numbers for Good has secured commitments and investments of £9m on behalf of the social enterprises and charities they advise.
It is one of only a handful of organisations to have successfully structured and raised investment in a social impact bond and in partnership with UCL Business delivers the £1.2m health-tech accelerator ‘Health Social Innovators’. The team of 11 comprises of financial analysts, business consultants, policy makers and social enterprise and charity specialists working from their London and Newcastle offices.
Big Society Capital follow Key Fund to invest in Numbers for Good in 2015. Key Fund provided a £75,000 investment to allow Numbers for Good to open in Newcastle.
Bertrand Beghin, Co-CEO, Numbers for Good said:
“This investment represents a step-change for Numbers for Good enabling us to significantly increase our ability to help social enterprises and charities use social investment to scale their impact. After three years of organic growth, this is exactly the right moment for Numbers for Good to take investment. We are proud of the organisation we’ve built and to have partnered with some truly inspiring social enterprises and charities. We’re incredibly excited to embark on the next phase of our growth and delighted that Big Society Capital share our vision.”
“We believe the social investment market needs more intermediaries like Numbers for Good. Their deep empathy with the needs of social enterprises and charities and their ability and willingness to tailor their services to their needs has been a key pillar of their success so far, and was one of the main factors in our decision to invest. In conjunction with their demand- led approach and ability to form innovative partnerships, we have every confidence that they will continue to grow and be a catalyst for social investment”.