Partech Ventures in €30m round for EcoVadis

It is the first time EcoVadis has raised an institutional round of funding since inception in 2007.

Partech's positioning in the US was a driving factor in EcoVadis's choice of investor, according to the company, as it should help the group strengthen its presence on the continent. 

The fresh funding will be used to accelerate the worldwide commercialisation of EcoVadis's rating system and further invest in core technologies of its platform through in-house R&D and partnerships with other tech startups, according to the group. 

Previous funding
Overall, EcoVadis has received a total of $35.7m through different types of financing. In October 2007, shortly after it launched, the group received $1.4m from business angels. Two years ago, it raised an extra $2.5m in debt funding.

Company
Based in Paris and founded in 2004, EcoVadis is a platform for environmental, social and ethical performance ratings for global supply chains serving 30,000 customers worldwide. These include Axa, Bayer, Coca Cola Enterprises, Deutsche Telekom, Heineken and Vodafone. It employs 320 staff.

People
Partech Ventures – Omri Benanyoun, Bruno Cremel (general partners). 

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