Sustainability data firm EcoVadis joins $1 billion club after fundraising

June 14, 2022 EcoVadis ‏‏‎

LONDON (Reuters) - 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.

Used by more than 95,000 businesses across 200 industry categories and 175 countries, EcoVadis provides ratings on environmental, social and governance-related (ESG) issues and helps create plans for companies to improve their score.


Read the full article at: www.msn.com

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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Sustainability data firm EcoVadis joins $1 bln club after fundraising | Nasdaq
Sustainability data firm EcoVadis joins $1 bln club after fundraising | Nasdaq

LONDON, June 14 (Reuters) - Sustainability data firm EcoVadis has raised $500 million to become one of the ...

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Sustainability data firm EcoVadis joins $1 bln club after fundraising
Sustainability data firm EcoVadis joins $1 bln club after fundraising

LONDON, June 14 (Reuters) - Sustainability data firm EcoVadis has raised $500 million to become one of the ...