Tumelo is a technology company.
Tumelo has raised $19.0M across 1 funding round.
Tumelo has raised $19.0M in total across 1 funding round.
Tumelo has raised $19.0M in total across 1 funding round.
Tumelo's investors include Basis Set Ventures, Exponent Founders Capital, Mischief Venture Capital, Bob Young, Jim Lanzone, Ravi Parikh.
Tumelo is a fintech company specializing in voting technology that empowers investors—particularly retail and institutional ones—with transparency into their holdings and a direct voice in shareholder voting through its core product, ProxySphere.[1][2][4] It serves fund managers, pension providers, investment platforms, brokers, and institutional investors by enabling pass-through voting and expression of wish solutions, addressing the disconnect where ordinary people lack visibility and influence over their investments in ISAs, pensions, and funds.[1][3][4] This solves critical engagement gaps on issues like climate change, board diversity, and governance, while helping financial institutions meet fiduciary duties more efficiently; the company has raised $20.1M total funding, including a $19M round, signaling strong growth momentum amid rising demand for shareholder democracy.[2][6]
Tumelo was founded in 2018 by Georgia Stewart (CEO), Will Goodwin, and Ben King, who met at Cambridge University while campaigning for sustainable investment of the university's £6 billion endowment fund.[1][2][3] Their activism highlighted a broader issue: everyday investors contribute to massive funds but have no say in how those assets vote on key issues, leading to disengagement and failure to tackle social, environmental, and governance challenges.[1][2] Post-university, they entered the proxy-voting space, spotting dual problems—fund managers lacking client preferences and investors feeling sidelined—and built Tumelo to bridge this with technology.[2][4] Early traction came from industry recognition, partnerships like LGIM, and investments from Treasury VC, Fidelity International Strategic Investors, and Legal & General Investment Management (LGIM).[2][4]
Tumelo rides the wave of shareholder democracy and ESG stewardship, fueled by retail investor demand for influence amid passive investing's rise, where asset managers often skip boardroom debates on systemic issues like climate and diversity.[1][2][4] Timing is ideal post-2020s regulatory pushes for transparency (e.g., UK pension reforms) and post-pandemic focus on sustainable capital markets, with market forces like growing passive funds ($100T+ globally) amplifying the need for pass-through voting to align ownership with values.[2][3] It influences the ecosystem by enabling fund managers to democratize voting, fostering engaged investors who drive corporate change—positioning Tumelo as a key enabler in fintech's shift toward inclusive, tech-driven finance.[4][6]
Tumelo is poised to scale ProxySphere globally as 2025 stewardship mandates intensify, targeting more passive managers stepping back from voting and expanding retail access via platforms.[2][4] Trends like AI-enhanced voting personalization, regulatory tailwinds (e.g., EU SFDR updates), and climate litigation will propel demand, potentially doubling partnerships with giants like Aviva (where CEO Georgia Stewart serves on the IGC).[4][6] Its influence may evolve from UK fintech innovator to global infrastructure player, amplifying everyday voices in trillion-dollar markets and redefining sustainable investing—ultimately making Tumelo the go-to for investor empowerment in a democratized financial system.[1][2]
Tumelo has raised $19.0M across 1 funding round. Most recently, it raised $19.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $19.0M Series A | Basis Set Ventures, Exponent Founders Capital, Mischief Venture Capital, Bob Young, Jim Lanzone, Ravi Parikh |