Total amount raised
$735.8 Million
Latest funding date
11/1/2022
Location
EcoVadis has successfully raised funds across eight rounds, with the latest being a Secondary Market round. The company has attracted 11 investors, including notable names like BlackRock and GP Bullhound.
EcoVadis offers a collaborative platform for assessing suppliers' environmental and social performance, aiming to provide trusted data for resilient, sustainable supply chains. Keep reading to explore the intricacies of EcoVadis's fundraising journey and the investors backing this innovative platform.
What Is EcoVadis?
EcoVadis, based in Paris, Ile-de-France, France, operates in the fields of Information Services, Risk Management, Supply Chain Management, and Sustainability. The company has a significant employee base ranging from 1001 to 5000 employees.
EcoVadis provides a collaborative platform that allows companies to assess their suppliers' environmental and social performance. The company is private and has raised funding through multiple rounds, with the latest being a Secondary Market round.
EcoVadis serves a global clientele, covering over 250 industries and operating in more than 185 countries. The platform offers various solutions, including risk mapping, sustainability ratings, and carbon management, helping companies meet corporate sustainability goals and drive impact at scale.
How Much Funding Has EcoVadis Raised?
- Angel Round
- Amount Raised: USD 1,400,000
- Date: October 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial development.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2009
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Debt Financing
- Amount Raised: USD 2,500,000
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide working capital and support operational expenses.
- Series Unknown
- Amount Raised: EUR 30,000,000
- Date: December 2016
- Lead Investors: Partech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand market reach.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product offerings.
- Series B
- Amount Raised: USD 200,000,000
- Date: January 2020
- Lead Investors: CVC Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate development and expand operations.
- Series C
- Amount Raised: USD 500,000,000
- Date: June 2022
- Lead Investors: Astorg, Beyond Net Zero
- Valuation at Round: Over one billion euros
- Motivation Behind the Round: To buy out Partech's stake, inject equity for further development, and consolidate international market share.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and support strategic initiatives.
Total Amount Raised: USD 703,900,000
Current Valuation: Over one billion euros
Key Investors
- BlackRock
- Details: BlackRock is a global investment management corporation, known for its extensive portfolio and influence in the financial sector.
- Investment Focus Areas: Technology, sustainability, financial services
- Notable Investments: Apple, Microsoft
- GP Bullhound
- Details: GP Bullhound is a technology advisory and investment firm that supports high-growth companies in the tech sector.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Spotify, Slack
- Astorg
- Details: Astorg is a European private equity firm with over €17 billion of assets under management, focusing on acquiring market-leading global companies.
- Investment Focus Areas: Healthcare, software, technology, business services, technology-based industrial companies
- Notable Investments: Not publicly disclosed
- BeyondNetZero (General Atlantic)
- Details: BeyondNetZero is the climate investing venture of General Atlantic, focusing on innovative climate solutions.
- Investment Focus Areas: Decarbonization, energy efficiency, resource conservation, emissions management
- Notable Investments: Not publicly disclosed
- GIC Private Limited
- Details: GIC Private Limited is Singapore's sovereign wealth fund, known for its diverse global investment portfolio.
- Investment Focus Areas: Sustainable investing
- Notable Investments: Not publicly disclosed
What's Next for EcoVadis?
EcoVadis stands at the cusp of significant growth opportunities, driven by its recent $500 million investment. The company aims to consolidate its market share in North America, Europe, and Asia-Pacific, while optimizing its ESG evaluation tools. With plans to hire 460 new employees and consider external growth opportunities, EcoVadis is poised to expand its global footprint and enhance its technological capabilities.
Future fundraising opportunities appear promising, as the demand for sustainability intelligence in business decisions continues to rise. EcoVadis may attract further investments to support its international expansion and tool optimization. However, the company faces challenges such as intense competition from established players and the need to maintain growth while scaling operations. Navigating these hurdles will be crucial for EcoVadis as it strives to lead the ESG rating market.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like EcoVadis and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.
