Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Lumachain raises $3.5 million to fight slavery in food supply chains

ImpactAlpha, Aug. 6 – Sydney-based Lumachain’s blockchain platform tracks the origin, location and condition of products in food supply chains in real time to boost transparency and ethical sourcing. 

The product will help firms comply with the Modern Slavery Act, introduced in Australia last year.

Lumachain was founded by Jamila Gordon, a Somalia-born ex-Qantas executive who was forced into child labor as a five-year-old.

“I always knew I would create the technology where we would connect big companies around the world to buy products and sell products anywhere, knowing those products were ethically sourced and produced, and there’s no modern slavery involved,” Gordon told SmartCompany.

The startup’s $3.5 million round was led by Main Sequence Ventures, the innovation fund of CSIRO, Australia’s national science agency.

You might also like...