Tech Company Financing Transactions
Tembo Funding Round
Goodwater Capital, Ascension Ventures and Aviva Ventures participated in a $18 million Series B funding round for Tembo. The financing round was announced on 11/29/2024.
Transaction Overview
Company Name
Announced On
11/29/2024
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to scale its savings app.
Company Information
Company Status
Private & Independent
Industry
Real Estate
Mailing Address
18 Crucifix Lane,
London, England, SE1 3JW
UK
London, England, SE1 3JW
UK
Phone
Undisclosed
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Dana
Co-Founder
Eddie Ross
Co-Founder
Geoff Wright
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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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