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.
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