Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Socialsuite continues to gain new customers and grow its revenues

The company is in the final stages of closing out a venture capital led $1.8 million pre-series A investment round.
Socialsuite's platform helps organisations manage their social impact

Socialsuite continues to increase it's annual recurring revenue (ARR), which has been driven by both new clients and existing client increases.


Notably, the Software as a Service (SaaS) platform for organisations to manage their social impact is on track to meet a major milestone of $1 million ARR by late 2019.

Socialsuite is also in the final stages of closing out a venture capital led $1.8 million pre-series A investment round.

READ: Socialsuite targets multi-billion dollar social impact measurement market with leading technology

Socialsuite is a way for both not-for-profit businesses to better report on the effectiveness of their work, and for government, philanthropic, and corporate funders to receive better insights on how their investments are being used.

Notable new customers

Marks & Spencer (UK)

Socialsuite was selected by Marks and Spencer as the technology solution to measure the impact of elements of their Plan A project, which is their way to help build a sustainable future by enabling customers to have a positive impact on wellbeing, communities and the planet. 

St George Community Housing

St George Community housing provides housing to more 8,900 people across 4,700 in metropolitan Sydney. Following a competitive tender process, Socialsuite was awarded the contract to power their impact measurement.

New version of Socialsuite

August saw a significant release of Socialsuite. The new version has been designed based on customer research and the engagement of a high-calibre designer to assist in transforming Socialsuite to a self-service solution.


CEO update 

After seven months in the role of chief executive officer of Socialsuite, Brad Gurrie has reported that the business is progressing well against the company’s strategic initiatives.

Gurrie added: “As the business looks to complete its pre-series A round we have significant momentum with the signing of new deals, strong retention, the growth of existing customers and major product enhancements.”

View full SOCS profile View Profile

Socialsuite Timeline

Related Articles

Office workers
July 27 2018
The company supplies software, solutions and services to a Canadian and global client base.
Mergers & acquisitions - takeover
January 11 2018
"Vermeg's acquisition of Lombard Risk will create a leading global financial software provider," said Badreddine Ouali, founder and chairman of Vermeg
Financial chart
August 19 2018
The portfolio analytics platform operator has been shrewd in its acquisition policy and the purchase of Delta from UBS may just be the best acquisition yet

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use