Paris-based EcoVadis, a collaborative platform that allows companies to assess the environmental and social performance of their suppliers, announced on Tuesday that it has raised $500M (approximately €478.77M) in a fresh round of funding.
With this round, the company has now raised a total capital of over $725M.
Sustainability ratings provider
Founded in 2007 by Frederic Trinel and Pierre Francois Thaler, EcoVadis aims to provide globally trusted business sustainability ratings. Businesses rely on EcoVadis’ knowledge and evidence-based assessments to track and improve their business and trading partners’ sustainability performance.