NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, October 16, 2014

Social venture company ClearlySo has secured £804,000 in a deal led by existing investors social investment bank Big Society Capital (BSC) and a number of private investors, including The Body Shop co-founder Gordon Roddick.

The deal marks BSC’s first ever follow-on investment on top of the £1m it committed to ClearySo in July 2012.

ClearlySo helps to raise investment for socially-minded businesses, charities and funds while making returns for investors and has directly raised £16.4m of impact investment for over 40 clients; such as a £1.25m deal from Big Issue Invest and Bridges Ventures for social enterprise London Early Years Foundation.

It also runs Clearly Social Angels, the UK’s “first” social impact orientated angel network, which has invested in 20 deals since 2012 including Commonplace, Breezie, and Brain in Hand.