EcoVadis Raises $500 Million in Funding

by Kay Aloha Villamor June 15th, 2022

EcoVadis a Paris, France -based leading provider of globally trusted business sustainability ratings, has raised $500 million.

The round was led by Astorg and BeyondNetZero, General Atlantic’s climate investing venture, with participation from Singapore-based GIC and Princeville Capital’s Climate Technology Fund.

EcoVadis plans to leverage the funds to accelerate its global scale-up, deepen its artificial intelligence and machine learning capabilities, make strategic acquisitions and fulfill its vision as a purpose-led company.

Company: EcoVadis Inc.

Raised: $500.0M

Round:

Funding Month: June 2022

Lead Investors: Astorg and BeyondNetZero

Additional Investors: GIC and Climate Technology Fund

Company Website: https://ecovadis.com/

Software Category: Business Sustainability Ratings

About the Company: EcoVadis is the world's most trusted provider of business sustainability ratings. Global supply chains, financial institutions, and public organizations rely on EcoVadis to monitor and improve the sustainability performance of their business and trading partners. Backed by a powerful technology platform, EcoVadis is a purpose-led company whose mission is to provide globally trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to monitor and improve the sustainability performance of their business and trading partners. Its actionable scorecards, benchmarks, carbon action tools, and insights guide an improvement journey for environmental, social, and ethical practices across 200 industry categories, and 175 countries. Industry leaders such as Amazon, Johnson & Johnson, L’Oréal, Unilever, LVMH, Salesforce, Bridgestone, BASF, and JPMorgan are among the 95,000 businesses that collaborate with EcoVadis to drive resilience, sustainable growth, and positive impact worldwide

Source: https://www.businesswire.com/news/home/20220614005321/en/EcoVadis-Secures-500M-Investment-to-Usher-in-New-Era-of-Sustainability-Led-Business-Decisions



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