Germany-based CERTANIA, a provider of Testing, Inspection and Certification (TIC) services focusing on global health and sustainability challenges, announced that it has secured a substantial investment boost from Summit Partners.
The financial details of the funding has not been disclosed. CERTANIA also mentions that existing investor GREENPEAK Partners will continue to hold a ‘significant’ stake in the company.
CERTANIA says the investment will help strengthen its strategy for acquiring other companies, positioning the company as a top TIC provider not only in Europe but also globally.
Karsten Xander and Moritz Gruber, co-CEOs of CERTANIA, say that this investment is a testament to their commitment to drive positive change in the TIC landscape.
“We believe that, by fostering collaboration among independent experts and focusing on sustainability and health consciousness, we can create visible value for our partners, clients and the wider community. Summit Partners’ engagement will help boost our global development,” mention the co-CEOs.
“We look forward to benefiting from their deep experience in the TIC market and to maintaining the well-established and trustful relationship with GREENPEAK Partners as specialists for entrepreneurial company building,” the co-CEOs add.
CERTANIA’s journey in the TIC sector
Founded in Munich in 2020, CERTANIA united significant players in the TIC sector to form a new, independent company serving TIC needs globally. The company prioritises health and sustainability, placing human well-being and a healthy environment at the core of its mission.
Under the umbrella of CERTANIA, partner companies can benefit from shared resources and improved customer trust – an advantage that smaller operators often lack – while retaining their unique identities and entrepreneurial spirit.
“CERTANIA has achieved impressive scale in just three years since the Company’s founding, and we believe the platform offers a unique opportunity for independent TIC providers who are looking to expand their reach and impact,” says Johannes Grefe, managing director at Summit Partners, who will also join CERTANIA’s board of directors.
“We are thrilled to partner with this visionary team and look forward to working together with co-CEOs Karsten and Moritz and Daniel Beringer at GREENPEAK to build upon CERTANIA’s impressive momentum and support continued organic and acquisition-driven growth,” adds Grefe
“We are excited and honoured to have Summit Partners by our side,” says Daniel Beringer, founding partner at GREENPEAK Partners.
“Together, we will continue to focus on making our planet more sustainable and healthier by expanding CERTANIA’s reach geographically and by growing its service offerings to its customers,” he adds.
Currently, CERTANIA has sixteen partner companies and employs over 1,000 professionals worldwide. Its expertise covers food, environmental and industrial testing, Contract Research Organization (CRO) services, as well as Environmental, Social and Governance (ESG) analytics and consulting.
CERTANIA also serves various certification and quality-control solutions to assist clients in guaranteeing the safety and excellence of their products and processes.
About GREENPEAK and Summit Partners
GREENPEAK Partners is a company builder with a verified history and extensive proficiency in establishing, nurturing and enlarging top-tier players within various sectors.
Employing its Buy & Build approaches, GREENPEAK strives to cultivate industry leaders through robust collaborations, a commitment to ESG values and shared sustainable objectives. Thus far, the team at GREENPEAK Partners has successfully established more than ten foundational platforms with annual revenues surpassing €1B.
Summit Partners is a global investment firm managing over $37B in capital to advance equity growth, stable income and public equity opportunities.
Founded in 1984, the firm has engaged with over 550 enterprises in technology, healthcare and other developing industries. With offices in North America and Europe, it invests globally.