HACE raises £450k in pre-seed funding led by Manchester Angels to finalise its Child Labour Index.
The pre-seed round was led by Manchester Angels to support the completion of the Child Labour Index and advance stewardship tools for investors.
HACE builds an ESG rating platform designed to help institutional investors identify and manage child labour risks within their portfolios. Based in Manchester, the technology startup develops data tools aimed at eradicating child labour in global supply chains.
Manchester-based tech startup HACE has secured £450k in a pre-seed funding round to complete its flagship Child Labour Index and expand its advisory operations. The raise was led by Manchester Angels alongside participation from GC Angels, Ada Ventures, Found Capital, and several individual angel investors. The company surpassed its initial £375k target by 20 percent against a difficult fundraising climate.
The newly acquired capital will fund the final development stages of the Child Labour Index, a specialised ESG rating system that generates risk scores for investment portfolios. HACE also plans to advance its Stewardship Toolkit and grow its independent business advisory board to support investor engagement with portfolio companies.
From the founder
"To be able to oversubscribe the funding round in the current economic conditions is a monumental achievement for HACE and a testament to the growing awareness of the scale of the child labour issue and the role that technology will play in sustainably eradicating it."
Eleanor Harry
CEO at HACE: Data Changing Child Labour
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Scale operations
Investors
Categories
About the company
HACE: Data Changing Child Labour
HACE develops an AI-powered ESG rating platform to detect and address child labour risks in corporate supply chains.