NEW YORK & LONDON & PARIS, June 14, 2022–(BUSINESSWIRE)–EcoVadis, the world leader in evaluating and improving the CSR performance of companies, today announces a fundraising of 500 million dollars, and thus becomes a new French unicorn.

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This fundraising is the largest ever on the CSR market and reflects the growing importance of the latter for business performance. The round – which brings the total capital raised by EcoVadis to more than $725 million – was led by European private equity firm Astorg and General Atlantic’s climate investment firm BeyondNetZero, with participation of GIC Private Limited based in Singapore and Princeville Capital. As part of the raising, EcoVadis was advised, for the third time, by GP Bullhound.

Previous funding rounds include investments from CVC Growth Partners II in January 2020 and Partech in 2016, as well as an equity stake from Bain & Company in February 2020. CVC Growth Partners II remains the company’s largest institutional shareholder.

With this new funding round, EcoVadis will finance its international development, strengthen its artificial intelligence and machine learning tools, make strategic acquisitions and realize its vision ofmission-driven company.

Building on its existing partnerships such as Microsoft, SAP, Celonis, Coupa, Taulia and 40 others, this investment will allow it to increase its impact and positively influence decision makers around the world.

More than 95,000 companies across 200 industry categories and 175 countries rely on EcoVadis’ supplier assessments and collaborative platform to assess and improve the CSR performance of their supply chains. Today, EcoVadis is used by a growing number of companies, including in their carbon management, private equity, CSR-related lending, supply chain finance, risk and third-party resilience and more.

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The new unicorn continues to experience remarkable global growth. Over the past 12 months, its revenue has increased by 50% and its global workforce has reached 1,300 employees.

Frédéric Trinel and Pierre François Thaler, co-founders and co-CEOs of EcoVadis:

“This investment confirms the relevance of our model of ensuring the quality and sustainability of global supply chains, despite pandemics, geopolitical or financial difficulties. More than ever, we will continue to support companies – including SMEs and private companies – at every stage of their CSR journey to bring them best practices and ensure impact at scale.“.

Rhea Hamilton, CEO of BeyondNetZero:

“We invest in companies that have the potential to tackle climate change on a large scale. We believe that EcoVadis has all the assets to have a global impact and contribute significantly to the transition to net zero. The company has demonstrated the strength of its business model, through its innovative technology and bold vision, to drive CSR-oriented transformations across supply chains in all industries. We are proud to be part of its new phase of growth and to partner with its leadership team to accelerate its global expansion and climate impact.“

Benoit Ficheur, Partner at Astorg: “We have been following EcoVadis for many years and have been impressed with its leadership and rapid growth globally. Astorg was the first investment fund to become an EcoVadis client, using its services to assess and measure the CSR performance of our portfolio companies and to raise sustainability-related debt. This partnership has had a very positive impact on our portfolio, helping to make Astorg one of the leaders in terms of CSR in the world of private equity. As investors, we want to support the company in its ambition to become the benchmark in the private equity market where we see a significant development opportunity.”.

Closing of the transaction is expected in the second quarter of 2022, after obtaining regulatory approvals.

About EcoVadis

EcoVadis operates a global CSR performance assessment and pooling platform used by more than 95,000 companies of all sizes in 175 countries. Private or public companies, financial institutions and other organizations around the world rely on the EcoVadis platform to collaborate with their partners to improve environmental, social and ethical supply chain practices. Supported by a powerful technological platform, the EcoVadis rating is verified by a team of international experts and is adapted to more than 200 industrial categories on the basis of 21 indicators meeting international standards ranging from the prevention of forced labor to CO2 emissions. AXA, Auchan, Johnson & Johnson, L’Oréal, Michelin, Orange, Sanofi and Unilever are among the companies working with EcoVadis to promote resilience, sustainable growth and positive impact. To find out more, visit ecovadis.com, Twitter Where LinkedIn.

About Astorg

Astorg is a pan-European private equity fund with over €17 billion in assets under management. Astorg seeks to partner with entrepreneurs and management teams to acquire leading global companies headquartered in Western Europe and North America, providing them with strategic advice, governance and capital they need to achieve their growth objectives. Benefiting from a distinct entrepreneurial culture, a long-term shareholder perspective and a lean decision-making body, Astorg has acquired valuable industry expertise in healthcare, software, technology, professional services business-to-business and technology-based industrial businesses. Astorg has offices in London, Paris, New York, Frankfurt, Milan and Luxembourg. For more information about Astorg: www.astorg.com. Follow Astorg on LinkedIn.

About BeyondNetZero

BeyondNetZero is the climate investment arm of General Atlantic, one of the world’s leading venture capital firms. BeyondNetZero invests in growth companies with innovative climate solutions that can meet and exceed net zero emissions goals, with a focus on decarbonization, energy efficiency, resource conservation, and emissions management. This venture combines General Atlantic’s experience in growth capital and its global network with a team of climate-savvy investors, advisors and executives who bring decades of problem-solving experience related to the climate and in the creation of pioneering growth companies. For more information on BeyondNetZero, please visit https://beyond-net-zero.com.

About General Atlantic

General Atlantic is one of the world’s leading growth capital investment firms, with more than four decades of experience providing capital and strategic support to more than 445 growth companies over its history. Founded in 1980 with the goal of partnering with visionary entrepreneurs and creating lasting impact, the company combines a collaborative global approach, industry expertise, a long-term investment horizon and a deep understanding of growth drivers. to partner with great entrepreneurs and leadership teams to grow innovative businesses around the world. General Atlantic currently manages over $84 billion in assets across all products as of December 31, 2021, and has over 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico , Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit www.generalatlantic.com.

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