Higg, a San Francisco, CA-based sustainability insights platform for the consumer goods industry, announced that it raised $50 million in a Series B funding round.
The funding was 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.
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: Higg Co
Raised: $50.0M
Round: Series B
Funding Month: April 2022
Lead Investors: Silversmith Capital Partners, Tom Steyer, and Katie Hall’s Galvanize Climate Solutions
Additional Investors: Titan Grove and Buckhill Capital
Company Website: https://higg.com/
Software Category: Sustainability Insights Platform
About the Company: Launched in 2019, Higg is the sustainability insights platform for consumer goods industries, delivering software and services for measuring, managing, and sharing supply chain performance data. Recently, Higg has begun to host additional assessments, partnering with the Apparel Impact Institute (Aii) to offer a new carbon management program for manufacturing facilities. Higg has also expanded the capabilities of its platform to include advanced analytics, supplier performance dashboards, and product-level impact disclosures, and now enables integration of its data into external product lifecycle management systems. Built on the leading framework for sustainability measurement, Higg is trusted by global brands, retailers, and manufacturers to provide the comprehensive intelligence needed to accelerate individual and industry transformation.
Source: https://higg.com/press-release-series-b-fundraise/
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.