Sourceful, a startup that helps e-commerce companies create sustainable packaging, raised $20 million in Series A funding led by Index Ventures.
Why it matters: As consumers become more educated around supply chain sustainability, Index's portfolio companies, which include consumer startups and large d-to-c companies, will need to rethink every aspect of their existing suppliers.
Driving the news: Sourceful raised the Series A to help e-commerce companies design more eco-friendly packaging, offering a first step in reducing companies' Scope 3 emissions in accordance with the proposed SEC rules.
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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
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