Impactly offers a social impact analytics platform that utilizes scientifically validated methods like Social Return on Investment (SROI) to measure and report the economic and social value of initiatives. The platform addresses the challenge of quantifying social impact by providing organizations with structured data collection, outcome measurement, and actionable insights for informed decision-making.
Funding
$112.4K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle to quantify the social and economic value of their initiatives, hindering their ability to make data-driven decisions and demonstrate impact to stakeholders. Traditional methods for measuring social impact can be complex, costly, and lack standardization, making it difficult to compare results across different projects or organizations.
Solution
Impactly offers a social impact analytics platform that enables organizations to measure, analyze, and report the social and economic value of their initiatives using scientifically validated methods, including Social Return on Investment (SROI) and Subjective Wellbeing Valuation (SWV). The platform facilitates structured data collection, outcome measurement, and the creation of visual dashboards to share results. Impactly simplifies the process of documenting social impact, allowing organizations to demonstrate the value of their interventions to stakeholders and make informed decisions.
Target Audience
Impactly targets foundations, companies, and social initiatives seeking to measure, manage, and report their social impact in a scientifically rigorous and user-friendly manner.
Features
- Data strategy setup for structured data collection
- Validated measurement tools, including WHO-5, and customizable questionnaires
- Categorization of citizens and filtering between subgroups using tags
- Progression tracking for individuals and groups
- Visual dashboards for continuous sharing of intervention results
- SROI analysis to demonstrate the economic value of interventions
- WELLBY calculation and reporting to showcase social value for citizens and budgetary value for authorities
- GDPR compliance and data protection measures, including anonymization