New Funds for Sustainability Insights Platform Higg

In San Francisco, sustainability insights platform Higg has raised $50m in a Series B round of funding. The investment will be used to accelerate delivery of the firm's tech solutions and expansion into new consumer goods categories such as outdoor, automotive, toys, and home goods.

Higg delivers software and services to help consumer goods businesses measure, manage and share supply chain performance data, with a platform including advanced analytics, supplier performance dashboards, and product-level impact disclosures. Through its ESG (environmental, social and governance) offering, the company aims to provide a complete view of a business's social and environmental impact, and its Higg Index tools (developed and owned by the Sustainable Apparel Coalition), provide a standardized measurement framework for environmental and social performance, used across the apparel and footwear industries.

New funding has been co-led by Silversmith Capital Partners and Galvanize Climate Solutions, with participation from Series A investors Titan Grove and Buckhill Capital. Higg says the funding comes at a time when companies are facing growing expectations for ESG accountability and disclosure, the introduction of guidelines for product labelling, and greater product-level transparency about the goods consumers purchase.

CEO Jason Kibbey (pictured) comments: 'Silversmith brings experience in SaaS innovation that's needed to scale our technology and Galvanize is the perfect complement given their emphasis in climate solutions. We're excited to tap into their expertise so that Higg becomes a critical source for ESG information through the value chain and across sectors'.

Web site: www.higg.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.