ECOVADIS RAISES $500 MILLION AFTER SUCCESSFUL COMPLETION OF ITS LATEST FINANCING ROUND

The company Ecovadis managed to raise $500 million after concluding its latest round of financing in order to raise additional liquidity. This company, which provides sustainability ratings for companies, maintains its leadership in helping companies take sustainability-based actions.

This new capital injection confirms that EcoVadis had reached US$725 million from its partners. Note that the largest firm with any participation in this industry is CVC Growth Partners II.

On the other hand, Partech was also involved, although it was not the largest investor until now; likewise Bain & Company was one of the main financiers until now. It appears that the negotiation could be concluded shortly as they still need approval from the U.S. authority.

“This investment is validation of the working model EcoVadis has for scaling impact across global value chains, even when issues such as pandemic, geopolitical or financial may be encountered,” confirms Frederic Trinel, the co-founder to which he adds that “we believe EcoVadis has all the critical elements to make a global impact and meaningful contribution to the zero emissions transition, including a high-quality business model, strong leadership, innovative technology and a bold vision to drive ESG-oriented transformations across supply chains and industries.”

Ecovadis serves about 95. 000 companies, with assessments, benchmarks, carbon performance tools and knowledge of ethical principles and the industry globally. In the last year, EcoVadis’ revenues have doubled and its employees have grown to 1,300 worldwide.