Sourceful - sustainable sourcing made easy
by Startacus Admin
The Manchester-based startup Sourceful is on a mission to make global supply-chain sustainability more transparent and achievable for every business.
We have written quite a lot over the last couple of years about startups dedicated to sustainability. Be they search engines, browser plug-ins, carbon offsetting schemes, turning waste into new products, or many, many others, there are an encouraging number of startups looking at what they can do to make the world a better place, and to do their part in steering us away from the coming climate catastrophe in whatever ways they can.
Manchester-based Sourceful is another startup doing this, with their end-to-end sourcing and supply chain platform to enable companies and shops to source sustainable products that are least damaging to the environment and to offset their carbon footprint.
Sourceful has relationships with over 40 manufacturers so far for you to take advantage of, both in the UK and in China, covering food and beverage, healthcare, fashion, and more, all vetted against Sourceful’s code of conduct to ensure they meet best practice in things like sustainability, working conditions, compliance, and quality.
One of the biggest obstacles to sustainability and reducing a business’s carbon footprint is the lack of accurate data, as well as confusing language around definitions that could result in a company being misled into thinking their source is more sustainable than it really is. Sourceful uses proprietary impact data to assess every product they source to avoid this issue. Carbon-offset logistics reduces the monetary and environmental cost of freight, using the startup’s aggregated logistics, and offsetting all freight. And if you don’t currently have the space for the new stock they have sourced for you, they will even store it for you and deliver when it’s needed.
In September, Sourceful was named as one of two North West startups joining the Tech Nation Net Zero 2.0 cohort, which is a government-backed growth programme supporting tech companies who are helping the UK hit its goal of “net zero” emissions by 2050. In the same month, the startup announced that it had raised just under £8.8 million in a funding round led by Index Ventures, with participation from Venrex, Eka Ventures, and the founder of Figma, Dylan Field. This funding will be used to build the Sourceful team, and scale up operations and the platform itself.
Sourceful is aiming to have a huge impact on the way companies work in the future - and that incidentally is one of the topics we'll be exploring at our upcoming hybrid Work: In Progress event. Why not join us!
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Published on: 28th September 2021
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