Handprint raises further funding from Singtel Innov8; Launches Handprint for Impact Partners – a new platform for NGOs to digitize impact monitoring
New platform allows NGOs to level-up their reporting transparency and certify their impact
14 December 2022, Singapore: Handprint, a Singapore-born technology platform that is building the regeneration infrastructure for the digital world, today announced that it has secured further investment from Singtel Innov8, the corporate venture capital fund of Singtel. The additional investment takes Handprint’s total seed funding, first announced in March 2022, to over USD$3 million.
The new funding will enable Handprint to continue building technologies that help companies create certified, positive impact and turn sustainability into a competitive advantage – a revolution in corporate sustainability as we transition towards a regenerative economy.
Launching new tools for NGOs to monitor, report, and certify impact
Handprint was initially launched in 2020 as a platform that enables corporates to select from a range of curated impact projects and integrate that impact into their business. Until now, NGOs would use a dedicated Handprint app to upload their project information and share content with potential corporate partners.
But NGOs still face considerable challenges, particularly when it comes to how they monitor, report and certify their impact, all of which is critical to building trust with and attracting support from corporate partners.
That’s why Handprint has today launched Handprint for Impact Partners, a SaaS platform designed to make it simple and easy for NGOs of all sizes to digitize their regenerative efforts, promote their impact projects to corporates, and measure and report their verified impact – all in one place.
Handprint for Impact Partners goes beyond simply tracking corporate contributions but empowers NGOs to manage and report the impact they create in a quantified way, providing continuous assurance to the businesses that back them.
Handprint’s new offering enables NGOs to receive recurring funding, with no upfront cost, and digitize their processes for more transparent reporting of their impact and their finances.
What is Handprint – Solving for value and trust
Earlier this year, the World Economic Forum identified 15 key limitations to well-intentioned corporate sustainability pledges. Among them were the lack of trust in the verifiability of projects and their reported impact, as well as the over-focus on decarbonization and offsets at the expense of other important environmental challenges, like the depletion of species and destruction of natural habitats.
Handprint was created to solve these challenges. Through the Handprint platform, companies can select from a range of verified climate, nature and social projects and embed that positive impact into their products and services, helping companies become truly planet positive.
Handprint can also cut up to 80% of the intermediary costs traditionally associated with impact projects thanks to the use of technologies like satellite imagery and machine learning for verification, solving for two key challenges facing companies and NGOs – value and trust.
Mathias Boissonot, CEO of Handprint: “We’re incredibly proud to partner with Singtel Innov8 as we look to scale Handprint and bring about a revolution in corporate sustainability – a science-based approach that enables companies to become more sustainable while achieving their business goals.”
Wan Kum Tho, Managing Director APAC, Singtel Innov8: “In line with the Singtel Group’s purpose of harnessing technology to empower communities, we’re investing in Handprint to better help businesses integrate sustainability into their operations to achieve their Environmental, Social, and Governance (“ESG”) goals. Handprint’s platform could further support the businesses Singtel works with to make greater social and environmental impact.
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Handprint is Asia’s leading Regeneration-as-a-Service platform that enables companies to create a positive impact in a transparent, quantified and automated way, cutting up to 80% of the costs that are otherwise absorbed by intermediaries. Launched in 2020 by leading academics and engineers in the Digital Sustainability space, Handprint has won numerous sustainable business awards, including the 2021 Microsoft Singapore Green Tech Challenge, the 2021 Cities of the Future Urban Innovation Challenge, and the Huawei Spark Ignite 2022 competition in the sustainability category. Hundreds of companies, including e-commerce giant Lazada, leading Payment card technology company Idemia, and global media platform Teads are growing with the planet, using Handprint.
For more information: handprint.tech/
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