Mustard Seed has launched a new London-based £25m fund to invest in tech for good across the UK and abroad.
Mustard Seed was born out of a pitch competition in 2013, after its two co-founders Henry Wigan and Alex Pitt noticed a gap in the market which they believed needed to be addressed.
“Too many strong founders with brilliant, noble ideas fail to take off because both capital and resources – industry expertise or commercial introductions – don’t reach them at the very early stage,” said Alex Pitt, incubation director.
It has also invested in e-commerce fashion retailer Beulah, which provides an alternative route to exployment for women who were previously sex trafficked and Mush; a new app which helps foster connections and meetups among new mums.
Additionally, the fund says that 55% of the ventures it has funded to date were founded by women.