Responsibly, making waves in the sustainable procurement sector, aims to drastically alter the landscape with its innovative, AI-driven platform.
According to ArcticStartup, Responsibly has successfully secured $2.4m in a seed funding round. The investment was led by Hambro Perks and Pi Labs, and also drew substantial support from Global Founders Capital, AENU, Michael Wax, and Benedikt Franke.
Responsibly leverages artificial intelligence to evaluate various sustainability factors, including carbon emissions, gender pay gap, human rights, and deforestation, assisting businesses in assessing the sustainability of their suppliers. With a strong inclination towards promoting ethical supply chains, its platform computes sustainability data scores for suppliers, which enables its clients, such as CERN and Chr. Hansen, to reduce data compliance costs and simplify their procurement process.
The recently acquired funding is intended to facilitate Responsibly’s expansion in operations and further refine its platform. The focus will be on advancing its objective to make sustainable procurement accessible through enhanced AI and automation technologies. The company is poised to strengthen its proprietary AI engine to expand its functionality, capture more data types, and democratise access to sustainable procurement.
Responsibly not only assists companies in evaluating the sustainability of their suppliers but also endeavours to provide comprehensive supplier sustainability data from multiple sources. This robust approach simplifies the procurement process for businesses, ensuring they have streamlined, one-stop access to responsible supplier data.
Responsibly founder and CEO Thomas Buch Andersson expressed, “Our mission is to make every b2b purchase in the world truly sustainable and ethically responsible by leveraging cutting-edge AI-driven technology. As more buyers push suppliers for sustainability data to achieve scope 3 targets or regulatory compliance, we want companies to spend less time manually collecting sustainability data – which is completely unscalable – so they can focus on actually making an impact where it matters the most by building a more sustainable supply chain which complies with increasing regulation.”
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