Ulula Raises $1 Million in Seed Funding

Staff

7 years ago

Ulula, a software and analytics platform that provides companies with tools to monitor human rights risks, announced today it raised $1 million in private seed funding from two organizations: Humanity United, a foundation that is part of the Omidyar Group, and Good & Well, an impact investment firm that partners with early-stage social purpose businesses.

Ulula aims helps industry leaders in oil, gas, and mining to predict and prevent environmental, social, and governance risks by turning mobile crowd-sourced data from stakeholders into actionable intelligence. The company uses simple mobile technologies such as SMS, USSD, and IVR to create sustainable feedback loops between businesses and communities with the goal of creating intelligence to address social, environmental and governance (ESG) problems before they erupt into major challenges.

“There is a rise in regulations and consumer demand for greater insight into the conditions under which people labor to create the products we consume every day,” said Antoine Heuty, Ulula’s CEO. “Ulula is creating the most scalable platform to help companies manage and measure their labor risks. In doing so, we are supporting the creation of ethical supply chains and redefining what it means to effectively monitor for labor abuses.”

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