EcoVadis in the Press - Articles and bylines

Sustainability data firm EcoVadis has raised $500 million to become one of the sector's first "unicorns", its co-chief executive told Reuters, as demand from companies to track their performance on environmental and social issues surges. A unicorn is an unlisted firm valued at $1 billion or more.

The financing, led by private equity firms Astorg and BeyondNetZero, General Atlantic's climate investing arm, as well as Singapore's GIC and Princeville Capital, is the largest equity fundraising to date for such a company, EcoVadis said. It takes the total capital raised by the company to over $725 million.

Sustainability data startup EcoVadis Inc. today announced that it has closed a $500 million funding round led by private equity firm Astorg and BeyondNetZero, the climate investing arm of General Atlantic. 

The Series C round is described as the largest ever raised by a software-as-a-service startup in the sustainability data segment. Since launching in 2007, EcoVadis has raised a total of $735.5 million from investors.

“We believe EcoVadis has all the critical elements to make 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,” said BeyondNetZero Managing Director Rhea Hamilton.

U.S. private investment firm General Atlantic LLC co-led a $500 million private financing round for ESG data provider EcoVadis SAS, as announced Monday. General Atlantic's climate unit BeyondNetZero made the investment, which was also led by Astorg Partners SAS, Princeville Capital and Singapore-based GIC. EcoVadis co-founder and co-CEO Frederic Trinel told Reuters the company is now valued at more than $1 billion. A spokesperson for EcoVadis told MarketWatch the company now employs 1,300 people.

Business sustainability ratings provider EcoVadis announced today that it has raised $500 million in the largest-ever equity financing for a sustainability data SaaS company. The deal values the company at well over $1 billion, making EcoVadis the latest ESG data “unicorn.”

EcoVadis provides sustainability ratings for over 95,000 companies, enabling businesses to monitor and improve the sustainability performance of their value chains, including their own businesses as well as their trading partners and suppliers. Last month, for example, Deutsche Bank partnered with EcoVadis on its new requirement for all major vendors to undergo sustainability assessments.

Can the supply chain become greener and more sustainable? Today, EcoVadis announced it’s raised $500 million in a new funding round from investors who believe that aggressive monitoring can help improve the environmental impact of every company along the supply chain. It plans to use the proceeds to expand its delivery of what it calls “sustainability intelligence” so that its clients — and their investors — can improve their business processes, from beginning to end. 

EcoVadis already works with more than 95,000 businesses in 200 industry categories and 175 countries. It delivers scorecards and evaluations that help businesses assess their efforts toward creating more sustainable economies. Its insights also help guide financing decisions made by banks and private investors who prioritize ESG (environmental, social, governance) goals.

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. 

EcoVadis - the provider of globally trusted business sustainability ratings - has raised US$500mn to accelerate its goal of sustainable supply chains
EcoVadis - the leading provider of globally trusted business sustainability ratings - has raised US$500mn in a bid to accelerate its aim of bringing sustainability intelligence to bear on all key businesses decisions worldwide.

The global investment round – the largest equity fundraising for a sustainability data SaaS company to date – brings EcoVadis’ total capital raised to over US$725mn. 

Chris Cumming looks at an investment led by General Atlantic in EcoVadis, a company that helps measure and benchmark economic, social and governance or ESG metrics, while Maria Armental reports that Apollo Global Management’s plans to roll out insurance wrapped funds that will allow wealthy investors access to alternative investments.Consumer-focused JAB Holding Co. in Luxembourg, whose portfolio company National Veterinary Associates Inc. in California agreed to acquire SAGE Veterinary Partners LLC about a year ago, must divest six clinics in its home state and Texas as a condition of closing the $1.1 billion deal, under a...

Sustainability data firm EcoVadis has raised $500 million to become one of the sector’s first “unicorns”, its co-chief executive told Reuters, as demand from companies to track their performance on environmental and social issues surges.

A unicorn is an unlisted firm valued at $1 billion or more.

The financing, led by private equity firms Astorg and BeyondNetZero, General Atlantic’s climate investing arm, as well as Singapore’s GIC and Princeville Capital, is the largest equity fundraising to date for such a company, EcoVadis said.

It takes the total capital raised by the company to over $725 million.

🌎 EcoVadis, a Paris-based sustainability data provider, raised $500m. Astorg and General Atlantic co-led, and were joined by GIC and Princeville Capital. http://axios.link/ig0U