# Responsibly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/responsibly-aps

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.responsibly.tech
- Total disclosed funding: $2.4M
- Latest round: Seed (Oct 2, 2023)
- Investors on record: 4

## About

Based in Denmark, Responsibly ApS operates as an AI-driven platform that automates sustainability due diligence for businesses, enhancing supplier assessments and compliance with ESG standards.Founded in 2021 in Copenhagen, Denmark, Responsibly ApS focuses on automating sustainability assessments for suppliers. The company has engaged in 2 deals, with the latest funding round being a SEED round in October 2023, where they raised USD 2.4 mn from AENU, Global Founders Capital, and Pi Labs. The CEO of the company is Thomas Andersson, while co-founders include Jacob Petersen and Thomas Andersson.Responsibly offers a comprehensive AI-enabled platform designed to enhance sustainability due diligence for businesses by automating the assessment of supplier sustainability profiles. Their primary service involves a detailed ESG (Environmental, Social, and Governance) risk analysis tool that evaluates a supplier's compliance with various sustainability metrics, including human rights adherence and decarbonization targets. The platform streamlines the process of engaging and monitoring suppliers by replacing manual surveys with automated assessments, thereby reducing the time and resources required for suppliers and buyers alike. Responsibly serves a diverse client base, including sustainability leaders and global corporations, with a notable emphasis on industries facing stringent regulatory frameworks. The company operates across various geographical markets, delivering its solutions to organizations in North America, Europe, and Asia, thereby addressing the widespread complexities associated with supplier sustainability data.Responsibly's revenue structure is primarily derived from its subscription-based model, where clients engage with the platform to access its suite of sustainability assessment tools. Clients, which include corporations and organizations focused on enhancing their ESG performance, enter into agreements to utilize the platform for ongoing supplier evaluations and reporting. The transactions typically involve annual or multi-year contracts that provide unlimited access to the platform’s features, including automated risk analysis and ESG score tracking. Specific pricing plans may vary based on the scale of engagement and the number of suppliers assessed, with packages tailored to meet the unique needs of each business. The flagship service, which encompasses a wide range of ESG topics, facilitates a holistic approach to managing sustainability within supply chains, thus fostering improved supplier performance and compliance.In October 2023, Responsibly ApS raised USD 2.4 mn in SEED funding co-led by new investors Hambro Perks and Pi Labs, alongside participation from Global Founders Capital and returning investor AENU. The funding will be utilized to enhance product capabilities, broaden data collection, and democratize access to sustainable procurement. The company plans to introduce new products designed to improve the user experience and functionality of their platform while targeting expansion into additional markets in North America and Asia by the end of 2024.

## Funding rounds

- Seed, Oct 2, 2023, $2.4M — Global Founders Capital, Salica Investments, Pi Labs, AENU

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Salica Investments (https://capitalatlas.ai/funds/salica-investments) — Seed
- Pi Labs (https://capitalatlas.ai/funds/pi-labs) — Seed
- AENU (https://capitalatlas.ai/funds/aenu) — Seed