German startup osapiens bags €111M to help companies comply with all ESG regulations: Here’s how

Mannheim, Germany-based osapiens, an ESG Platform and provider of compliance and sustainability reporting solutions, announced on Monday that it has secured $120M (approximately €111M) in a Series B financing round led by Growth Equity at Goldman Sachs Alternatives.

Goldman Sachs Alternatives has acquired a minority stake in osapiens and is joining existing investor Armira Growth, which led the $27M (approximately €25M) Series A in 2023.

The German company will use the funds to accelerate its international expansion and further invest in the technology platform to improve business operations more compliant, resilient, and efficient.

“We are thrilled to be working with Goldman Sachs,” says Alberto Zamora, Co-Founder and CEO of osapiens.

“Their support is a testament to our leadership position in this highly competitive and rapidly evolving market – ESG compliance and process efficiency. We are proud to offer a single platform that helps companies around the world navigate the complexities of ESG regulation with ease and confidence and achieve long-term sustainability. osapiens enables them to make a positive impact not only on their P&L but also on the planet,” adds Zamora.

osapiens: Provides compliance and sustainability reporting solutions

Founded by Alberto Zamora, Stefan Wawrzinek, and Matthias Jungblut in 2018, osapiens has developed osapiens HUB — the first ESG platform that helps companies make a real impact.

osapiens HUB is an AI-based cloud platform designed to enhance compliance and transparency across the entire value chain.

With the platform, companies can effectively address all their ESG (Environmental, Social, and Governance) challenges.

It includes identifying risks, meeting reporting requirements such as CSRD, EUDR, and CSDDD, and making their operational processes more sustainable in the long term.

Additionally, the osapiens HUB enables companies to identify and mitigate risks in operations and supply chains and to reduce manual workloads through process automation.

The German company also develops Software-as-a-Service solutions that enable companies across industries to implement ESG requirements quickly, automatically, and securely.

The company currently employs over 300 people supporting more than 1,300 customers worldwide, including Bosch, Coca-Cola North America, Metro, Costco, Ritter Sport, Lidl, Celanese, C&A, and DM.

The investor

Goldman Sachs is an investor in alternatives globally, with over $450B in assets and more than 30 years of experience.

The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds, and sustainability.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals.

Goldman Sachs has over $2.9T in assets under supervision globally as of June 30, 2023. Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13B in companies led by visionary founders and CEOs.

Alexander Lippert, Managing Director in Growth Equity at Goldman Sachs Alternatives, says, “osapiens creates extraordinary value for their customers, helping them meet an increasing number of regulatory requirements, whilst simultaneously driving tangible business value. We see enormous potential in osapiens and we are pleased to help them further on their mission.”