QuizRR secures $1.3M from Norrsken Foundation for en education platform for manufacturing companies.
QuizRR, a Stockholm, Sweden-based company providing a common knowledge platform for corporates, announced securing SEK 11M ($1.3M) in capital investment.
The money comes from new backers including Swedish investor Norrsken Foundation, and American one, the Working Capital Fund as well as from existing ones, Stefan Bengtsson (through CSB Capital AB) and Perlavita.
QuizRR, founded in 2013 and led by CEO Jens Helmersson, developed a digital education platform aiming to create measurability in social responsibility, helping customers manage their brand risk and responsible suppliers for better business.
QuizRR - where the two R in the company name stands for Rights & Responsibilities consists of three parts. The digital education tool with films and questions that educate workers in the manufacturing industry in developing countries, measurability and reports, as well as a web platform where suppliers and global buyers meet. QuizRR creates transparency and the ability to collect and improve the company's education and development through data collected. At the same time, QuizRR becomes a measurable tool for retail companies that need to monitor that their suppliers meet requirements and regulations regarding working conditions, work environment and human rights.
QuizRR, which has also an office in Hong Kong, had raised SEK 7M prior to this deal.