Early-stage-venture givvable has won $150,000 in funding from the Commonwealth Bank through its start-up development business, X15Ventures. The new business has also been accepted into Microsoft’s social entrepreneurship program.
The technology platform, co-founded by sisters Frances Atkins and Naomi Vowels, helps companies source suppliers that pursue sustainability goals and track the impact of their spending. The flipside is the platform’s ability to connect micro, small and medium-sized enterprises with corporate buyers, which often have a preference for engaging with businesses that can demonstrate a sustainable mindset to meet their own sustainability targets.
givvable also taps into the emerging trend of the circular economy, which aims to ensure companies consider the whole lifecycle of a product to reduce waste and improve the potential for products and their parts to be recycled.