Luminii provides CDD to FPE on their investment in 60 Decibels
Luminii are delighted to have provided commercial due diligence (CDD) support to FPE Capital (“FPE”) on their investment in 60 Decibels, a social impact measurement company, that talks directly to customers, employees or beneficiaries about social issues in more than 50 countries on behalf of impact focused investors and enterprises.
The Company sources its social impact measurement data via short phone calls through a field of over 800+ remote researchers, where recipients are asked both quantitative and qualitative questions; these conversations are then turned into end individual-level impact performance data through the business’ proprietary methodology, with their technology enabled database increasingly allowing analysis, comparability and benchmarking within market segments. The business was jointly founded between the UK and US, with the management team split between London and New York, and with subsidiary operations in India and Kenya.
FPE’s growth capital investment will help capitalise on ESG driven market demand for data and insight around societal impact by investing in sales and marketing, as well as further technology enablement in order to drive delivery efficiencies and transition further towards a data and subscription led business model around customer benchmarking and ratings.
"Luminii are delighted to have supported FPE on this transaction. This is yet another deal that helps to further strengthen our credentials in the software and B2B services sectors. We wish FPE and 60 Decibels's management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting
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