$6.3m series A round led by AirTree, alongside Tidal, Minderoo Foundation, QIC

Originally published: 15 December 2022
Updated: 24 November 2025
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World-leading academic and human rights lawyer duo raise $6.3m to support crack down on global greenwashing and reduce ESG risk for corporates

• ESG SaaS platform, FairSupply will use the funding to expand internationally as regulators in the UK, EU, Australia and Japan crack down on corporate greenwashing
• 2022 Global ESG Monitor report finds Australia lags behind in ESG transparency

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Sydney, Australia, 15 December 2022 – Cutting-edge environmental, social and governance SaaS platform, Fair Supply has announced a $6.3m series A round led by AirTree, alongside Tidal, Minderoo Foundation and early adopter of the program, QIC. The capital will accelerate product development and international expansion as global ESG reporting, risk, and governance software solutions become essential for organisations facing evolving regulatory scrutiny.

Founded in 2019 by expert human rights lawyer, Kimberly Randle, and one of the world’s most distinguished industrial mathematicians and supply chain academics, Dr Arne Geschke, the SaaS startup has become a recognised leader in ESG compliance software and advanced supply chain analytics. Fair Supply provides corporate and institutional clients with comprehensive visibility over ESG risk in supply chains and investment portfolios, including modern slavery, Scope 3 carbon emissions, biodiversity exposure and water-use risk.

To support this, the company has developed a suite of category-leading tools, including advanced carbon emissions software, biodiversity risk software, modern slavery assessment software, and Scope 3 carbon emissions reporting software. Together, these tools help organisations move from fragmented assessments to structured, defensible ESG due diligence.

In its short history the company has already produced two world firsts – modern slavery foot printing and extinction-risk foot printing – and today it has analysed over $750bn of procurement and investment data for some of Australia’s biggest and most respected organisations including AustralianSuper, the Queensland Investment Corporation, Synergy Energy and iconic Australian retailer, RM Williams.

The proprietary supply chain risk assessment software offers the world’s most detailed view of the global economy, mapping over 60bn global supply chains so companies can monitor scope 3 carbon emissions, modern slavery and biodiversity up to ten layers deep in their supply chain.

Fair Supply CEO and Co-founder Kimberly Randle said she founded the company because companies were scrambling for solutions in what was becoming an increasingly complex space.

“The global total addressable market for companies required to identify, address and mitigate ESG risks in their supply chains and investment portfolios is rapidly increasing. However, despite increased societal and regulatory pressure to report on ESG impact, quantifying and gathering this data has never been more complicated, especially when assessing ESG further down the supply chain. And while many companies have good intentions and want to prioritise ESG, the vast majority don’t have access to the knowledge or tools, such as a robust supply chain risk reporting software, in order to understand and make informed decisions to improve their ESG rating – but we’re changing that”.

AirTree Partner Jackie Vullinghs said ESG is a top priority for investors, who increasingly require more reliable data than traditional ESG risk scores and benchmarks. “Fair Supply enables organisations to see beyond the first tier of their supply chain, using advanced supply chain risk assessment software and supply chain due diligence software to identify risk and improve transparency. Over time, FairSupply will help companies re-architect their supply chains and help make the world safer.“

Serena Grant, Director of Fair Supply and Head of Business Engagement for international human rights group Walk Free, which is funded by Minderoo Foundation, said: “Minderoo identified FairSupply as an innovator in supply chain ESG data when we invested last year through our Strategic Impact Fund, which pursues innovative solutions to complex social and environmental issues.

“Fair Supply’s use of data shines a light on ESG issues, such as modern slavery and exploitation of vulnerable workers deep in business supply chains. With tools such as supplier engagement software, companies can work more effectively with suppliers to take effective action to protect workers, something that shareholders are increasingly demanding.

“This investment alongside Airtree, Tidal and QIC, has the potential to accelerate the impact of Fair Supply’s technology so that companies can uphold their ESG responsibilities.”

Queensland Treasurer and Minister for Trade and Investment Cameron Dick said with established offices in Brisbane and on the Sunshine Coast, Fair Supply was primed for continued growth in Queensland.

“Our investment through the QIC-managed Business Investment Fund recognises Fair Supply’s ability to assist clients in accessing comprehensive supply chain data and risk assessments in the all-important ESG space. This represents a significant opportunity to meet regulatory requirements and work towards ESG goals, but it’s also an opportunity for Queensland jobs, with Fair Supply expected to grow local jobs to 30 over the next five years. We’re proud to back a unique product solving a significant customer pain-point, led by outstanding female founders with big plans ahead,” concluded Dick.

The investment is also an important milestone for female-led investment in the technology sector.

“There are so many reasons why I’m proud to be partnering with Fair Supply, and the fact it was an all female-led round investing in a female founder is another to add to the list,” said Vullinghs.

“Gender bias in the technology sector still exists. Being a female founder supported by powerful female investors is an achievement I’m proud of and will undoubtedly have a generational impact not only in the technology and VC sectors but also on the next generation of founders,” added Randle.

Since 2022, Fair Supply has been recognised across Australia and the Asia–Pacific for leadership in ESG data, risk and sustainability. Highlights include AFR Sustainability Leaders (Category Innovator in 2022, Sustainability Platform Pioneer in 2023, and Category Leader in 2024), multiple APAC Insider and Corporate Vision awards, Regulation Asia’s One to Watch and Rising Star distinctions, and the TMRRW AU/NZ Winner award.

These awards reinforce Fair Supply’s leadership across ESG risk management software and the broader ESG technology landscape.