- Anti-child labour start-up, Hace: Data Changing Child Labour, closes oversubscribed seed funding round of £450,000
- Funding led by Manchester Angels with co-investments from GC Angels, Ada Ventures, Found Capital, and individual angels
- Capital to be used for developing Child Labour Index product to help wealth and asset managers identify and engage with businesses at risk
- Plans to grow independent business advisory board and research into child labour as an investment risk
- Board of directors includes industry experts such as Eric Solomons and John Freeman, with CEO Eleanor Harry expressing gratitude for support
Introduction: Anti-child Labour Start-Up Secures Oversubscribed Seed Funding
Hace: Data Changing Child Labour, a Manchester-based start-up, has successfully closed an oversubscribed seed funding round, receiving £450,000 in funding to further its mission of combating child labour in business supply chains. The funding round was led by Manchester Angels and saw contributions from GC Angels, Ada Ventures, Found Capital, and individual angels. This article delves into the significance of this funding for Hace and the impact it aims to make in the fight against child labour.
Impact of Funding on Hace’s Mission
The funding secured by Hace: Data Changing Child Labour will be instrumental in advancing the development of its flagship product, the Child Labour Index. This innovative tool assists wealth managers and asset managers in identifying child labour risks within their portfolios, enabling them to engage with companies to drive positive change. By generating ESG risk scores for companies and portfolios, Hace empowers investors to make ethical and socially responsible investment decisions.
Furthermore, the funding will support the growth of Hace’s independent business advisory board and research initiatives focused on understanding child labour as a significant business and investment risk. With a newly appointed board of directors, chaired by industry veterans such as Eric Solomons and featuring prominent figures like Paul Inella and John Freeman, Hace is poised to leverage their expertise in driving meaningful change in the fight against child labour.
Related Video
Founding and Growth of Hace: Data Changing Child Labour
Established in 2020, Hace: Data Changing Child Labour has quickly garnered attention for its innovative approach to addressing child labour issues. The start-up has not only secured substantial funding but has also received grant support totaling £55,000 from the Greater Manchester AI Foundry and the University of Cambridge. This financial backing underscores the recognition and support Hace has garnered from both local and international stakeholders in its mission to combat child labour.
With a dedicated team and a clear vision, Hace is committed to leveraging technology to drive sustainable solutions for eradicating child labour. The company’s focus on creating tangible impact resonates with investors and supporters who recognize the urgency of addressing this critical social issue. Through strategic partnerships and a robust research agenda, Hace is poised to make a meaningful difference in the fight against child labour.
Future Prospects and Industry Impact
Looking ahead, the successful funding round positions Hace: Data Changing Child Labour for growth and expansion. By enhancing its Child Labour Index product and strengthening its advisory board, the start-up is well-equipped to scale its operations and drive greater awareness of child labour risks in the business community. The involvement of experienced industry leaders on its board of directors further solidifies Hace’s credibility and expertise in the field.
As Hace continues to advance its technology-driven solutions and research initiatives, it is likely to have a significant impact on how businesses approach child labour risk management. By providing investors with valuable tools and insights to navigate ethical investment decisions, Hace is paving the way for a more responsible and socially conscious investment landscape. With a strong foundation and a clear mission, Hace: Data Changing Child Labour is poised to lead the charge in creating a more sustainable and ethical business environment.
The successful closure of the oversubscribed seed funding round marks a significant milestone for Hace: Data Changing Child Labour and underscores the growing momentum in combating child labour through innovative solutions and technology. With a dedicated team, strategic partnerships, and a clear vision, Hace is well-positioned to make a meaningful impact in the fight against child labour and drive positive change in the business world.
Links to additional Resources:
