Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result

Paris has a new unicorn! EcoVadis raises €478.7M, the largest equity fundraising for a sustainability data SaaS company

Vishal Singh by Vishal Singh
June 14, 2022
in (Crowd)funding, News
EcoVadis

Co-founder and co-CEO of EcoVadis Pierre-François Thaler and Frédéric Trinel | Image credit: EcoVadis

97
SHARES
LinkedInTwitterWhatsAppFacebook
Read this article in:

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.

According to a statement, the round is the largest equity fundraising for a sustainability data SaaS company to date. EcoVadis has also acquired the status of a  “unicorn” as per reports. 

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.

- Partner content -
Atlas HXM EOR Employee of Record
How EOR is becoming a crucial tool in 2023
EOR gains importance as companies digitise and hire globally. Learn from industry leaders...Show More
EOR gains importance as companies digitise and hire globally. Learn from industry leaders using EOR with Atlas HXM.Show Less
Read more

EcoVadis’ scorecards, benchmarks, carbon action tools, and analytics help companies improve their environmental, social, and ethical policies across 200 industries and 175 countries. 

Amazon, Johnson & Johnson, L’Oréal, Unilever, LVMH, Salesforce, Bridgestone, BASF, and JPMorgan are just a few of the 95,000 companies who work with EcoVadis to promote global resilience, sustainable growth, and good impact.

EcoVadis recent growth

The company reports that it has witnessed rapid growth over the past 12 months. EcoVadis’ revenue grew 50 per cent and its global workforce reached 1,300 employees. Besides, 15,000 companies engaged with EcoVadis’ new Carbon Action Module and more than 500,000 companies used EcoVadis IQ. 

EcoVadis IQ screens supply chain and vendors, mapping supplier risk landscape for ethical, social, and environmental risk, and performance signals. The EcoVadis Carbon Action Module offers sustainable procurement and climate change leaders insights on supplier GHG/carbon management practices, as well as a toolset for prioritising, engaging, and driving emissions reductions to accomplish decarbonisation targets.

In addition to its growth, EcoVadis has also become a preferred partner in integrating sustainability data into all-important corporate decision points throughout its network of enterprise, procurement, finance, and risk management platforms. The company currently has collaborations with Microsoft, SAP, Celonis, Coupa, Taulia, and 40 others.

Capital utilisation

EcoVadis says it will use the funds to accelerate its global scale up, deepen its artificial intelligence and machine learning capabilities, make strategic acquisitions, and fulfil its vision as a purpose-led company.

Co-founder Frederic Trinel says, “This investment is a validation of EcoVadis’ model for scaling impact across global value chains, despite the pandemic, geopolitical or financial headwinds.”

“We continue to experience record demand as more companies are empowered to integrate the planet and society into their business operations. We expect this investment to enable us to build on our traction to meet companies – including SMEs and private companies – at any stage of their sustainability journey, and collaboratively drive improvement in practices and impact at scale,” adds Trinel.

Investors in this round

The current round was led by Astorg, a European private equity fund, and BeyondNetZero, the climate-focused fund from General Atlantic. Singapore-based GIC Private Limited and Princeville Capital also participated in this round.

Rhea Hamilton, MD at BeyondNetZero, says, “We invest in companies that have the potential to combat climate change at scale. We believe EcoVadis has all the critical elements to make a global impact and a meaningful contribution to the net-zero transition, including a high-quality business model, strong leadership, innovative technology and a bold vision for driving ESG-oriented transformations across supply chains and industries. We look forward to partnering with its management team as we aim to further accelerate the company’s global expansion and climate impact.”

BeyondNetZero is the climate investing venture of General Atlantic, a global growth equity firm. The firm invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net zero emissions targets, with a focus on decarbonisation, energy efficiency, resource conservation, and emissions management.

Astorg is a European PE firm with over €17B of assets under management. It works with entrepreneurs and management teams to acquire market-leading global companies headquartered in Europe or the US, and provide them with the strategic guidance, governance, and capital to achieve their growth plans.

General Atlantic is also a growth equity firm with more than four decades of experience providing capital and strategic support for over 445 companies since its inception in 1980. The firm currently has over $84B in assets under management, and more than 215 investment professionals.

 - Partner content -
How to succesfully outsource…
How to succesfully outsource…
...your recruitment or product development with our curated community partners!
...your recruitment or product development with our curated community partners! Show Less
Read more
Tags: featuredfundingnewssustainability
Share7Tweet24SendShare39

Partner with us | Download Media Kit

Thank you for visiting Silicon Canals! If you want to partner with us, look at our options.

Featured | Tech Events

Current Month

september, 2023

Silicon Canals | Jobs

Breaking news from Amsterdam | Partner

Endeit Capital backs Amsterdam’s Lepaya in €35M round to revolutionise corporate learning through AI

Chemical Utopia: How Amsterdam Chemistry Network’s ChemAI aims to upend Dutch Chemistry

Amsterdam’s Truvity launches Truvity Platform to revolutionise digital identity verification technology

Partner content | Work with us

Amsterdam’s Invest-NL takes center stage in protecting Dutch companies from unwanted takeovers: Here’s how

[Exclusive] Amsterdam’s YourKitchen gets acquired by The Kitchen Dojo and Trias Real Estate: Know more

Meet Samaa Mohammad, an AI ethicist solving diversity problem with Techleap.nl’s DLiT Community

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X