CVC Growth Partners invests $200m in EcoVadis

The GP will draw equity from CVC Growth Partners II, which closed on $1.6bn in November 2019. The vehicle deploys equity tickets in the $50-200m range.

The fresh capital will help EcoVadis to expand internationally and accelerate product development.

Previous funding
The group received $1.4m from business angels in 2007, shortly after it was launched. It then raised an extra $2.5m in debt funding in 2014. EcoVadis first received institutional backing in 2016, when Partech invested €30m in the business via the Partech Growth Fund, which closed on €400m in 2016. 

Company
Founded in 2007, EcoVadis supplies ratings and aims to help improve the environmental and social performance of around 450 companies. It uses an evidence-based assessment methodology, delivered via a software-as-a-service platform and backed by a team of CSR analysts. The business is headquartered in Paris. 

People
EcoVadis – Frédéric Trinel, Pierre-Francois Thaler (co-founder, co-CEO).
CVC Growth Partners – Aaron Dupuis (senior managing director); Sebastian Kuenne (managing director).
Partech – Omri Benayoun (general partner).

Advisers
Equity – Goldman Sachs (corporate finance).
Company – GP Bullhound (corporate finance).

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• Topics
• Expansion
• France
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• France
• CVC Capital Partners
• Partech Ventures