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

June 14, 2022 EcoVadis EN

LONDON, June 14 (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.


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About the Author

EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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Sustainability data firm EcoVadis raises $500m, GIC joins as investor
Sustainability data firm EcoVadis raises $500m, GIC joins as investor

Sustainability data firm EcoVadis has raised $500 million to become one of the sector’s first “unicorns”, i...

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

LONDON (Reuters) - Sustainability data firm EcoVadis has raised $500 million to become one of the sector's ...