Analytics software to measure human rights data receives $1 million in funding
TORONTO—Ulula, a software and analytics company that helps companies monitor human rights risks, has raised $1 million to expand its mobile platform that enables organizations to engage workers across global supply chains.
“There is a rise in regulations and consumer demand for greater insight into the conditions under which people labor to create the products we consume every day,” said Ulula CEO Antoine Heuty. “Ulula is creating the most scalable platform to help companies manage and measure their labor risks. In doing so, we are supporting the creation of ethical supply chains and redefining what it means to effectively monitor for labor abuses.”
Funding was secured from an impact investing initiative of Humanity United, a foundation that is part of the Omidyar Group, and Good & Well, an impact investment firm that partners with early stage social purpose businesses.
“Companies can only address and improve working conditions in global supply chains if they have efficient and effective tools,’ said Ed Marcum, a managing director at Humanity United. “Ulula’s software makes it possible for companies to gain visibility into working conditions at scale, and to strengthen business performance and worker satisfaction through data-driven analytics.”