# Worldfavor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/worldfavor

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.worldfavor.com
- Total disclosed funding: $13M
- Latest round: Series A (Aug 23, 2022)
- Investors on record: 3

## About

Worldfavor AB is a technology company based in Sweden that specializes in providing an innovative platform for managing Environmental, Social, and Governance (ESG) data in supply chains, offering real-time insights and risk assessments for sustainable sourcing.Founded in 2016 by Andreas Liljendahl, Frida Emilsson, and Pär Gustafsson, Worldfavor AB focuses on streamlining ESG compliance in global supply chains. The company is headquartered in Stockholm, Sweden, and has successfully raised EUR 10.2 million in its Series A funding round on August 23, 2022, led by SEB Investment Management with participation from Brightly Ventures and Spintop Ventures. To date, the company has completed 2 deals.Worldfavor offers a comprehensive platform designed to streamline and enhance the processes surrounding ESG (Environmental, Social, and Governance) due diligence in global supply chains. Their core product, Sustainable Sourcing 2.0, integrates AI technology to provide instant ESG insights and risk profiles for suppliers, enabling businesses to effectively assess compliance and sustainability. The platform automates data collection, supplier engagement, and corrective action workflows, allowing companies to monitor and improve their supply chain sustainability. Worldfavor serves a diverse client base across over 110 countries, including Fortune 500 companies and SMEs in industries such as food and beverage, textiles, and apparel.In 2023, Worldfavor reported a revenue of EUR 2,968,315.20 and an EBITDA of EUR -3,317,542.20, indicating the company's financial performance amid its growth phase.Looking ahead, Worldfavor plans to utilize the EUR 10.2 million raised in Series A funding to invest in product research and development, enhancing its platform capabilities. The company is focused on expanding its reach into new markets and geographic regions, although specific areas have not been disclosed. This strategic approach aims to solidify its position in the ESG space while adapting to the evolving landscape of sustainability compliance.

## Funding rounds

- Series A, Aug 23, 2022, $10M — Spintop Ventures, SEB Asset Management, Brightly Ventures
- Seed, Dec 17, 2019, $3.2M — Spintop Ventures, Brightly Ventures

## Investors

- Spintop Ventures (https://capitalatlas.ai/funds/spintop-ventures) — Seed, Series A
- Brightly Ventures (https://capitalatlas.ai/funds/brightly-ventures) — Seed, Series A
- SEB Asset Management (https://capitalatlas.ai/funds/seb-asset-management) — Series A