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Technology Platform Higg Raises $50M Series B To Accelerate Supply Chain Sustainability

Apr 27, 2022•about 3 years ago

Amount Raised

$50 Million

Round Type

series b

San Francisco

Description

Higg, the sustainability insights platform for the consumer goods industry, today announced its $50M Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners and Tom Steyer and Katie Hall's Galvanize Climate Solutions, along with participation by Series A partners Titan Grove and Buckhill Capital. With close to 50,000 brand and manufacturer users in 100+ countries, Higg enables continuous improvement of supply chain sustainability—across not only carbon but water, energy, and labor impacts as well. This funding will accelerate Higg's delivery of innovative technology solutions and its rapid expansion into new consumer goods categories such as outdoor, automotive, toys, and home goods.

Company Information

Company

Higg

Location

San Francisco, California, United States

About

With close to 50,000 brand and manufacturer users in 100+ countries, Higg enables continuous improvement of supply chain sustainability—across not only carbon but water, energy, and labor impacts as well. While many sustainability solutions offer high-level estimates of a business' impact, Higg provides primary data specific to a business' sourcing and value chain, within consistent, comparable industry frameworks. Higg is the sustainability insights platform for consumer goods businesses – delivering software and services for measuring, managing, and sharing supply chain performance data. From materials to products, from facilities to stores, from emissions to working conditions, Higg unlocks a complete view of a business's social and environmental impact.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech