What is Responsibly?
Founded in 2021, Responsibly is developing a platform designed to provide retailers, builders, and other businesses with a supply network scorecard. This innovative solution enables companies to assess their supply chain providers for involvement in critical issues such as deforestation, water pollution, human rights violations, and gender pay gap disparities. By offering this transparency, Responsibly aims to empower businesses to make more ethical and sustainable sourcing decisions, thereby fostering greater accountability within global supply chains.
How much funding has Responsibly raised?
Responsibly has raised a total of $4.4M across 2 funding rounds:
Other Financing Round
$2M
Angel/Seed
$2.4M
Other Financing Round (2021): $2M with participation from Flash Ventures, Michael Wax, and Pirate Impact
Angel/Seed (2023): $2.4M led by Pi Labs and Hambro Perks
Key Investors in Responsibly
Pi Labs
Pi Labs is an early-stage venture capital firm based in London that invests in innovative startups transforming the built world towards a digital sustainable future. Their investment strategy includes ticket sizes ranging from £350,000 to £2 million, supporting founders from pre-seed to series A stages.
Hambro Perks
Hambro Perks is a London-headquartered international investment firm focused on private technology investing, partnering with founders and entrepreneurs to support growth businesses at all stages of the investment cycle.
Flash Ventures
Flash Ventures is the market leader in equipping mainstream consumers and the mass market with innovative technologies, based in New York City and marrying product design, development, manufacturing, and marketing globally.
What's next for Responsibly?
The substantial enterprise-level funding suggests Responsibly is poised for significant scaling and market expansion. This strategic investment will likely fuel the enhancement of its platform's capabilities, further development of its data analytics, and the broadening of its client base. The company's focus on ESG (Environmental, Social, and Governance) compliance and supply chain transparency aligns with increasing global regulatory pressures and consumer demand for ethical business practices, positioning Responsibly for robust growth in the coming years.
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