$200m Investment Secured by EcoVadis
EcoVadis has announced today that they have secured $200 million USD from CVC Growth Partners, an investment that is the largest of its kind, and reflects a shared long-term vision for the importance of ESG to business success. The company is the world's most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains, reflected by more than 450 enterprises, representing over $2.5 trillion in business spending, who rely on EcoVadis. Providing detailed insight into environmental, social and ethical risks through a powerful technology platform and a global team of domain experts, EcoVadis runs across 198 purchasing categories and 155 countries.
EcoVadis recognizes the progression of society into being more environmentally and societally focused, and therefore will use this investment to further invest not only in its technology platform and network of rated companies, but also in its sustainability intelligence solutions. The company also plans to leverage the funding to expand internationally and break into new countries, increasing its global presence.
Omri Benayoun, General Partner at Partech and a board member of EcoVadis since 2016, said about the company: 'EcoVadis is fast becoming the world-leading platform for supplier ESG ratings, and Partech is very excited to continue the journey with the company and its founders, and to welcome our new partner CVC'.
Learn more on EcoVadis website.