Maven VCT’s Invests in Climate Tech Software Specialist M2030

HMT LLP advised Maven on their contribution to a £5 million investment in Manufacture 2030 (M2030), an Oxford based technology company, that works with some of the world’s largest businesses to reduce greenhouse gas emissions across the value chain.

M2030’s highly scalable SaaS platform and support services enable client businesses to achieve their carbon reduction goals by providing their suppliers with a suite of tools and best practice data to measure, manage and reduce their environmental impact. Its software allows suppliers to enhance their operational and resource efficiency, procure more sustainably and drive down costs, by identifying baseline waste, water, and greenhouse gas emissions, and then implementing detailed reduction plans to achieve net zero targets.

M2030’s platform currently supports thousands of suppliers in over 70 countries and is used within 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 VCTs will be used by M2030 to capitalise on opportunities in key global markets, including the pharmaceutical, retail, automotive and consumer packaged 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. 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.

HMT LLP,  undertook financial due diligence on this transaction.

Luke Matthews, Investment Director at Maven commented:

“The HMT Team did a great job in supporting Maven on our involvement in this recent investment in M2030. The team provided invaluable and comprehensive advice throughout the process, and we forward to working with HMT again on future transactions.”

Paul Read commented:

“We are delighted to have advised Maven VCT’s investment in M2030. This 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. We look forward to working with Maven on future investments.”



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