Tech Company Financing Transactions

Tembo Funding Round

Tembo, based in London, England, scored $6.3 million in funding from Ascension Ventures, Aviva Ventures and Love Ventures.

Transaction Overview

Company Name
Announced On
4/27/2023
Transaction Type
Venture Equity
Amount
$6,287,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to continue to develop its proprietary technology, and grow its strategic partnerships with a range of wealth managers, house builders and lenders including Barratt Homes and Aviva.

Company Information

Company Status
Private & Independent
Industry
Real Estate
Mailing Address
18 Crucifix Lane,
London, England, SE1 3JW
UK
Phone
Undisclosed
Email Address
Overview
Tembo is a family-focused mortgage broker backed with investment from Aviva. We are authorised and regulated by the Financial Conduct Authority. Buying a home has never been harder. As house prices have skyrocketed and wages have stagnated, a new generation of homeowners have found themselves priced out of the property market. This means young adults are more reliant than ever on the financial support of their family. However, not all families are able to gift the considerable amounts required in cash. Tembo is championing a new and fairer way - helping a new generation of buyers get a foot on the ladder or take their next steps in life with the support of their loved ones.
Profile
Tembo LinkedIn Company Profile
Social Media
Tembo Company Twitter Account
Company News
Tembo News
Facebook
Tembo on Facebook
YouTube
Tembo on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Richard Dana
  Richard  Dana LinkedIn Profile  Richard  Dana Twitter Account  Richard  Dana News  Richard  Dana on Facebook
Co-Founder
Eddie Ross
  Eddie Ross LinkedIn Profile  Eddie Ross Twitter Account  Eddie Ross News  Eddie Ross on Facebook
Co-Founder
Geoff Wright
  Geoff Wright LinkedIn Profile  Geoff Wright Twitter Account  Geoff Wright News  Geoff Wright on Facebook


 

 

Browse more venture capital transactions:

Prev: 4/27/2023: Bastion Technologies venture capital transaction
Next: 4/27/2023: Verteego venture capital transaction

 

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Where The Data Comes From

We do our best to report on every notable VC transaction. All VC database entries reported here are derived from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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