Quizrr Secures $1.4 Million USD in New Funding and Welcomes Former H&M Group CEO Helena Helmersson to Board of Directors.
Quizrr
Admin
Stockholm – Quizrr, a leading tech provider of human and labor rights trainings, raises $1.4 million USD in new funding to expand its pole position with supporting multinationals on global mandatory human rights due diligence. The company is also delighted to welcome Helena Helmersson, former CEO of H&M Group, to its Board of Directors.
The new funding, made up by both existing and new investors as well as growth loans, will accelerate Quizrr's journey towards profitable growth, and solidify the company’s position as the leading educational platform addressing salient risks in global value chains.
“A very timely strengthening - both in terms of funding and business strategy as we take on one of greatest challenges of mankind. Having Helenas support and guidance will pave the way for our great team to excel globally” said Erika Wennerström, CEO of Quizrr. “Over the past 10 years, we have been pioneering the social sustainability space, empowering people and businesses with knowledge on human rights. Now, as regulatory requirements are gaining momentum globally, our expert position really plays into our hands as we take on new markets weekly.”
Helena Helmersson brings a wealth of knowledge and an unparalleled track record of leadership in the fashion and retail industry. During her tenure at H&M Group, she was instrumental in driving the company’s sustainability agenda and pushing the industry forward. Her expertise will be invaluable as Quizrr becomes the platform of choice for social risk mitigation in global supply chains.
“I am excited to join Quizrr at such an important point in time. The company's dedication to human rights education and its innovative approach to driving positive change in global supply chains is truly inspiring. I look forward to contributing to their continued success and growth.” Said Helena Helmersson.
Global migration will continue to grow over the coming decades, resulting in unprecedented challenges to the labor market. Enabling access to and awareness of basic human rights is fundamental to advancing ethical business standards across industries, tracking change, and ultimately preventing violations.
Over the past years, Quizrr has gained significant traction among leading global corporations who view access to knowledge on human rights and labor standards as a critical aspect of transforming the governance landscape. Companies like Apple, Unilever, VF Corp and Target are all utilizing Quizrr’s platform to address the social dimension of sustainability to drive change at scale.
Enhanced platform and data capabilities, along with establishing indirect distribution channels through partnerships, will enable the company to reinforce its position as a leader in human rights education.
“We are gearing up for growth, addressing these challenges with a powerful client base and initiated dialogues with governments around the world. Now we’ll scale our efforts to reach our goal of empowering 100 million people by 2030”, Erika Wennerström finishes.
About Quizrr
Quizrr is an industry leading Swedish EdTech company that offers innovative training solutions backed with real time data to advance corporate responsibility and capacity building in global supply chains. Founded in 2013, Quizrr uses digital training solutions to educate employees worldwide on issues such as employment rights, workplace safety, and social dialogue, using a bottom-up approach. For more information, please visit www.quizrr.se.
Media contact
Henrik Enocksson
Head of Marketing and Communications
+46 (0) 735023237
Additional Material
Full press release in Swedish available here.
