OpenSC is a technology company.
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.
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]
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 |
|---|---|---|---|
| Sep 1, 2019 | $4.0M Seed | Working Capital Fund |