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OpenSC develops a technology platform dedicated to enhancing supply chain traceability and verification. This system leverages advanced digital solutions, including blockchain technology, to authenticate low-carbon and sustainable production practices directly at the source. Its core function is to create transparent and ethical supply chains, providing verifiable data for various commodities.
OpenSC was established in 2019 as a collaborative initiative, co-founded by the World Wide Fund for Nature (WWF) and BCG Digital Ventures. This partnership originated from a shared understanding of the urgent necessity for verifiable and robust data to effectively address unsustainable practices and promote responsible sourcing within complex global supply chains. The venture is headquartered in Sydney.
The platform primarily serves businesses committed to upholding the integrity of their sourcing and production processes, alongside consumers who prioritize purchasing ethically and sustainably verified products. OpenSC's overarching mission is to drive significant increases in responsible production and consumption worldwide by furnishing the technological infrastructure for unprecedented transparency and accountability.
OpenSC has raised $4.0M across 1 funding round.
OpenSC has raised $4.0M in total across 1 funding round.
OpenSC has raised $4.0M in total across 1 funding round.
OpenSC's investors include Working Capital Fund, Christian Wenger.
OpenSC has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in September 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2019 | $4M Seed | — | Working Capital Fund, Christian Wenger | Announced |
OpenSC is a technology company building software solutions for supply chain transparency, focusing on verifying sustainable and ethical production claims in commodities like palm oil and fisheries. Co-founded by WWF and The Boston Consulting Group, it enables companies to VERIFY low-carbon and deforestation-free sourcing at the source, TRACE products through supply chains, and SHARE verified stories with businesses and consumers.[1][2] Operating as a Certified B Corporation since June 2021 with an 89.2 B Impact Score, OpenSC serves large companies in agriculture and fishing, addressing ESG demands, regulatory compliance, and consumer transparency needs while driving efficiency gains and price premiums.[1][2]
OpenSC emerged as an impact venture co-founded by the World Wildlife Fund (WWF) and The Boston Consulting Group (BCG), leveraging their expertise in conservation and consulting to tackle supply chain opacity.[1] Headquartered in New South Wales, Australia, it launched to harness maturing technologies like blockchain for real-time verification in high-impact sectors such as palm oil and seafood.[2][3] Early momentum included a $4 million seed funding round, positioning it as an Australian blockchain startup amid rising global demands for sustainable sourcing.[3] Certification as a B Corp in 2021 marked a pivotal validation of its mission-driven approach.[1]
OpenSC rides the supply chain transparency wave, fueled by blockchain's inflection point for automated tracking amid climate regulations, consumer ESG demands, and investor pressures.[2] Its timing aligns with global deforestation pledges, living income initiatives, and sustainable finance trends, operating in critical regions like Congo and Fiji to influence commodity markets.[1][2] By partnering with nonprofits like WWF and corporates via BCG networks, it shapes ecosystem incentives—shifting supplier behaviors, automating compliance, and amplifying verified sustainability data to counter greenwashing.[1][2]
OpenSC is poised to scale its verification platform as AI, satellite monitoring, and blockchain mature, targeting more commodities and expanding B2C storytelling for premium pricing.[2] Trends like stricter ESG reporting (e.g., EU deforestation rules) and investor mandates will accelerate adoption, potentially evolving it into a standard for ethical supply chains.[1][2] Its influence may grow through deeper WWF-BCG synergies and follow-on funding beyond the $4M seed, solidifying its role in planetary-scale transparency.[3] This positions OpenSC as a key enabler in the tech-for-good movement, directly advancing the mission it was built for: technology-enabled transparency for people and planet.[1]
