BlackRock and GP Bullhound back Paris-based unicorn EcoVadis: Know more

Paris-based EcoVadis, a provider of business sustainability ratings, announced on Tuesday, November 1, a secondary transaction following a recent Series C funding. New investors, including BlackRock and GP Bullhound, have made minority investments in support of EcoVadis’ growth strategy.

In June 2022, the Paris-based company raised $500M (then, nearly €478.77M) in a funding round and also acquired the status of a “unicorn” as per reports. EcoVadis says it will use the funds to continue investing in internal and acquired innovation, in expanding its global scale-up, and in deepening the user engagement and impact of its solutions.

The new investors

BlackRock claims to be one of the world’s leading providers of investment, advisory and risk management solutions. The firm manages assets for several customers all over the world and commits itself, in its capacity as a fiduciary, to protecting and enhancing the value of those clients’ assets for the long term with an emphasis on sustainability.

The investment in EcoVadis demonstrates the importance of data, analytics, and transparency tools as investors try to position their portfolios for resiliency and achievement during the sustainable transition.

GP Bullhound partners with technology entrepreneurs throughout their founding journey, supporting them with advisory, capital, insights, and access to its global network. The firm has worked with EcoVadis and its co-founders in each of the company’s funding rounds since Series A in 2016.

This latest investment demonstrates GP Bullhound’s dedication to creating a better world, its conviction in the EcoVadis business plan, and the role that technology plays in accelerating sustainable business transactions.

Brief about EcoVadis

Founded in 2007 by Frederic Trinel and Pierre Francois Thaler, EcoVadis provides 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.

The company’s 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 that work with EcoVadis to promote global resilience, sustainable growth, and good impact.

Additionally, 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.