Quizrr Raises $2.5M To Fuel Global Expansion

June 28, 2022

Today, Quizrr, a leading EdTech provider of human and labor rights training, has closed a $2.5M investment round to accelerate global expansion together with leading MNE’s

In response to the increased need on social governance in global supply chains, further accelerated by the pandemic and new legislations such as EU’s Mandatory Human Rights Due Diligence (mHRDD), Quizrr has secured expansion capital to enable scaling into new addressable segments.

Quizrrs platform offers innovative, engaging worker-centric training that cascades knowledge where it is needed the most, using the bottom-up methodology to instigate behavioral change. The company has experienced strong growth over the past couple of years, now creating impact at worker level in 12 + markets across Asia & MEA. The newly secured investment will go towards gearing up on market entries in global North and building program relevance to additional market segments, aligned with the client base’s need for preventive HRDD trainings across their entire value chain. As social risks are climbing the agenda, so does the need for reliable instant data for companies to fuel better decision-making.

“Education is the greatest equalizer of all. We are fortunate to be working with the kind of leaders in each industry that have the power to influence social governance throughout their entire eco-system. Having pioneered the worker technology space in up-streams supply chains for nearly a decade, we know what it takes to scale complex topics at multiple layers”, said Erika Wennerström, CEO at Quizrr.

This capitalization round was secured among existing stakeholders, all with a strong understanding and belief in the crucial role that education plays in shaping the new era of stakeholder capitalism and ESG landscape. Alongside the capital injection of 2.5 MUSD, Nordea, through its specialist unit Nordea Startup & Growth SE, signed up as the strategic banking partner for Quizrr providing capital as a complement to equity required for the continued growth. Having won the Techarenan Challenge 2021 and awarded the strongest Social Impact potential in the Nordics, Quizrr caught Nordea’s attention.

“The need for human rights compliance and ethical employment practices cuts across industries and geographies. Quizrr represents the type of new generation purposeful companies that we want to support with both capital and competence” says Maria Smith, Growth Banker at Nordea Startup & Growth.

During the 1st half of 2022, Quizrr has entered Mexico, India and Malaysia together with Fortune 500’s, enabling digital training to their supply chain’s workforces on ethical employment practices and basic human rights.

About Quizrr

Quizrr is a Swedish EdTech company that offers innovative training solutions backed with real time data to advance corporate responsibility and fight human rights violations in global supply chains. Founded in 2013, Quizrr uses digital training solutions to educate workforces on issues such as employment rights, workplace safety, and social dialogue. The content incorporates several of the Sustainable Development Goals and is based on global requirements such as the ILO Core Conventions and IOM Migrant Worker Guidelines. So far, 1.3 million learning sessions has been played on the Quizrr platform, empowering workers across the globe. For more information, go to www.quizrr.se.

 

Media Contact

Henrik Enocksson
+46 (0)73-502 32 37
henrik.enocksson@quizrr.se

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