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Sourceful, a startup that helps e-commerce companies create sustainable packaging, raised $20 million in Series A funding led by Index Ventures.
Why it matters: As consumers become more educated around supply chain sustainability, Index's portfolio companies, which include consumer startups and large d-to-c companies, will need to rethink every aspect of their existing suppliers.
Driving the news: Sourceful raised the Series A to help e-commerce companies design more eco-friendly packaging, offering a first step in reducing companies' Scope 3 emissions in accordance with the proposed SEC rules.
Via EcoVadis
