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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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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