EcoVadis, the startup that assesses corporate CSR, raises $ 200 million

by bold-lichterman

New step for EcoVadis. The French start-up, which has created a corporate social responsibility (CSR) rating platform, has just completed a funding round of $ 200 million to continue its international development, mainly in the United States is in Asia. This investment comes from CVC Growth Partners, the growth Equity arm of CVC Capital Partners. Three years ago, the company had completed a first funding round of 30 million euros with Partech. The company plans to recruit 200 additional staff this year.

Founded in 2007 by Pierre-François Thaler and Frédéric Trinel, EcoVadis is developing a collaborative platform that allows large companies to assess the environmental and social performance of their suppliers. This system aims to reduce the risks in terms of corporate social responsibility (CSR) and to encourage eco-innovations within their supply chain. To date, the EcoVadis rating platform is used by more than 60,000 companies in 155 countries, such as L’Oréal, Nestlé and Heineken.

Feedback on this adventure with our interview with Pierre-François Thaler, co-founder of EcoVadis:

EcoVadis: the key data

Founders: Pierre-François Thaler and Frédéric Trinel
Creation: 2007
The head office : Paris
Sector: Sustainable development
Activity: corporate social responsibility (CSR) rating platform

Funding: 30 million euros with Partech in December 2016, 200 million dollars with CVC Growth Partners in January 2020 …