Business sustainability ratings provider EcoVadis announced today that it has raised $500 million in the largest-ever equity financing for a sustainability data SaaS company. The deal values the company at well over $1 billion, making EcoVadis the latest ESG data “unicorn.”
EcoVadis provides sustainability ratings for over 95,000 companies, enabling businesses to monitor and improve the sustainability performance of their value chains, including their own businesses as well as their trading partners and suppliers. Last month, for example, Deutsche Bank partnered with EcoVadis on its new requirement for all major vendors to undergo sustainability assessments.
About the Author
Follow on Linkedin
More Content by EcoVadis