Unbox closed its first investment round raising a total of USD 8,500,000 in external capital to develop its low-code and no-code platforms for third party funding distribution. The investment follows KBC bank’s initial investment of USD 5,500,000 in December 2021. Unbox’s latest backers comprise of impact investors with experience in sustainability and gamification software.
Unbox has appointed to its board a global roster of finance, defense, technology, human capital, and regulatory mavens. This includes Mr. Sean Angle, Partner At Kennedys with Extensive Experience in The Middle East and Africa. Mr. Johan Van Overtveldt, Former Belgian Minister Of Finance, and Chairman of The European Budget Committee. Mrs. Grace Chew, Principal at Korn Ferry, Specialized in Development of Next Practices, Sustainable Value Creation and Innovation Management. Mr. Leonard Pick, Director of National Security and Defense Programs at The Purdue Research Foundation. Mr. Erik Saelens, Founder and CEO of Unbox.
Unbox’s leadership consists of Mr. Erik Saelens as CEO, Mr. Jan De Mey as CFO, Mr. Gaetan Loriot as CTO, Mrs. Lotte Van Dijck As COS, Mr. James Angle As Head of Product, Mr. Marc Ferlet as Head of Usa, Mr. Sige Marien as Head Of Benelux, and Mr. Enrico Tantussi as Head of Italy.
Read more: KBC Group to take financial stake in Unbox
Mr. Sean Angle, Chairman of Unbox: “I am pleased to see investors pledge their support for Unbox’s mission to take evil out of money. Furthermore, I am confident our investors’ respective knowledge in banking, in financial technology, and in the sustainability and gamification sectors will bolster our growth even further.”
Mr. Erik Saelens, founder and CEO Unbox: “At Unbox we believe that (re)building better societies deserve better fund distribution. That is why we are developing our closed loop platforms for third party funding distribution. I am thankful our first investment round was a success, not only bringing in the capital we need, but also the knowledge to support our rapid growth.”
The latest investment in Unbox’s growth comes following a series of new projects about to be launched internationally such as the management of economic development grants in the USA, as well as humanitarian aid initiatives across the Middle East, Africa, and Eastern Europe. On the European market, Unbox has steadily increased its penetration in the health, local economic support, and sustainability sectors reaching 150,000 active users as of writing.