NEW YORK –News Direct– EcoVadis
Expenditure led by Astorg and BeyondNetZero, Common Atlantic’s Climate Investing Venture Scores and Insights Chief Leverages Sustainability Intelligence to Fundamentally Renovate Source Chains, Non-public Equity, ESG-linked Loans, Weather Affect and Additional
NEW YORK and PARIS, June 15, 2022 /3BL Media/ – EcoVadis, the major company of organization sustainability ratings, has lifted $500M with strategies to accelerate its eyesight of influencing just about every company final decision with sustainability intelligence, getting a sustainability effect unicorn.
The world wide expense round – the most significant equity fundraising for a sustainability details SaaS business to date – delivers EcoVadis’ complete capital elevated to in excess of $725M and was led by Astorg and BeyondNetZero, General Atlantic’s local climate investing enterprise, with participation from Singapore-primarily based GIC and Princeville Capital’s Climate Technologies Fund.
“This investment decision is validation of EcoVadis’ design for scaling impression across global price chains, despite the pandemic, geopolitical or fiscal headwinds,” explained Frédéric Trinel, co-founder and co-CEO of EcoVadis. “We proceed to knowledge file demand from customers as more organizations are empowered to combine the planet and culture into their company functions. We hope this financial investment to help us to create on our traction to meet businesses – like SMEs and non-public businesses – at any phase of their sustainability journey, and collaboratively generate enhancement in tactics and influence at scale.”
More than 95,000 corporations throughout 200 sector categories and 175 nations around the world rely on EcoVadis to check and increase the sustainability general performance of their have business enterprise and buying and selling associates. Nowadays, EcoVadis – a pioneer in the use of sustainability intelligence in procurement and global provide chains – is employed throughout a increasing variety of use scenarios, including Scope 3 carbon emissions administration, non-public fairness, ESG-connected loans, supply chain finance, third-social gathering risk and resilience and extra.
“We commit in providers that have the opportunity to fight local weather adjust at scale,” stated Rhea Hamilton, Managing Director at BeyondNetZero. “We feel EcoVadis has all the critical things to make global impression and a meaningful contribution to the net zero changeover, together with a substantial-good quality company design, potent management, revolutionary technological know-how and a bold vision for driving ESG-oriented transformations across source chains and industries. We are enthusiastic to back again EcoVadis as the business enters a new section of development and glimpse forward to partnering with its management crew as we goal to more speed up the company’s world-wide enlargement and climate effects.”
EcoVadis continues to practical experience swift development throughout its global customer foundation and community. More than the earlier 18 months, EcoVadis’ revenue grew 50% and its world wide workforce rose by 105%, achieving 1300 workers, 15,000 companies engaged with EcoVadis’ new Carbon Action Module, and more than 500,000 firms were screened making use of EcoVadis IQ.
In addition to its personal advancement, EcoVadis has grow to be a lover of selection in bringing sustainability intelligence into all crucial business conclusion points across its ecosystem of business, procurement, fiscal and risk management platforms. Developing on EcoVadis’ existing partnerships with Microsoft, SAP, Celonis, Coupa, Taulia and 40 others, this investment decision positions the corporation to scale effects and positively affect choice-makers close to the world.
“We have tracked EcoVadis for a lot of years and have been impressed with its strong leadership place and monitor document of quick international growth”, mentioned Benoit Ficheur, Partner at Astorg. “Further, Astorg has been the 1st non-public equity client of EcoVadis, applying its services to evaluate and measure our portfolio companies’ ESG effectiveness and to increase sustainability-linked funding. This partnership has experienced a transformative effects across our portfolio, contributing to earning Astorg one particular of the leaders in ESG and sustainability across the non-public equity world. Going forward we see extremely meaningful options to assistance the organization in its ambition to turn out to be the normal for private equity and finance”.
Preceding funding rounds have integrated investments from CVC Advancement Associates II (“CVC Growth Partners”) in January 2020 and Partech in 2016, as perfectly as strategic participation from Bain & Company in February 2020. CVC Growth Associates, the development-oriented middle-sector technologies financial commitment arm of CVC Capital Associates, continues to be the premier institutional shareholder in the organization.
EcoVadis strategies to leverage the money to speed up its international scale-up, deepen its artificial intelligence and machine understanding abilities, make strategic acquisitions and satisfy its eyesight as a function-led company.
The transaction is predicted to close in Q2 2022 pursuing regulatory approvals.
For a lot more data, pay a visit to www.ecovadis.com.
About EcoVadisEcoVadis is a goal-led firm whose mission is to present reliable enterprise sustainability scores. Companies of all sizes depend on EcoVadis’ skilled intelligence and proof-dependent rankings to monitor and improve the sustainability overall performance of their enterprise and trading associates. Its actionable scorecards, benchmarks, carbon action applications, and insights guidebook an enhancement journey for environmental, social and ethical practices across 200 industry classes, 175 nations around the world. Marketplace leaders these types of as Amazon, Johnson & Johnson, L’Oréal, Unilever, LVMH, Salesforce, Bridgestone, BASF and JPMorgan are amongst the 95,000 enterprises that collaborate with EcoVadis to generate resilience, sustainable expansion and positive impression all over the world. Study extra on ecovadis.com, Twitter or LinkedIn.
GP Bullhound acted as financial advisor to EcoVadis and its shareholders.
Astorg is a European private fairness firm with more than €17 billion of property underneath administration. Astorg is effective with entrepreneurs and management groups to acquire marketplace primary world-wide corporations headquartered in Europe or the US, delivering them with the strategic steerage, governance and funds they will need to obtain their progress ideas. Making the most of a distinct entrepreneurial tradition, a long-term shareholder standpoint and a lean choice-making entire body, Astorg has important sector expertise in health care, application, technology, business enterprise solutions and technologies-dependent industrial firms. Astorg has offices in London, Paris, New York, Frankfurt, Milan and Luxembourg.
BeyondNetZero is the weather investing undertaking of Common Atlantic, a main worldwide progress equity agency. BeyondNetZero invests in progress organizations offering revolutionary local weather methods that have the likely to fulfill and exceed internet zero emissions targets, with a concentration on decarbonization, vitality effectiveness, useful resource conservation and emissions management. This venture combines Standard Atlantic’s development equity experience and global network with a team of experienced local weather investors, advisors and industry executives who provide many years of knowledge in each addressing weather-concentrated difficulties and developing groundbreaking expansion corporations. For far more facts on BeyondNetZero, be sure to go to: https://past-web-zero.com.
About Typical Atlantic
Basic Atlantic is a foremost world-wide development equity agency with additional than four a long time of encounter offering cash and strategic help for around 445 progress businesses throughout its record. Recognized in 1980 to companion with visionary business people and deliver lasting affect, the company combines a collaborative world-wide method, sector certain know-how, a very long-term financial investment horizon and a deep knowing of development motorists to companion with wonderful entrepreneurs and administration teams to scale impressive businesses around the earth. Basic Atlantic presently has in excess of $84 billion in belongings underneath management inclusive of all merchandise as of December 31, 2021, and much more than 215 financial investment pros centered in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore, and Stamford. For far more info on Standard Atlantic, be sure to visit: www.generalatlantic.com.
US: Corporate Ink for EcoVadis
617-969-9192, [email protected]
Stéphanie Tabouis, Publicis [email protected]
BeyondNetZero / General Atlantic
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