PE International, a Stuttgart, Germany and Boston, MA-based provider of sustainability performance management platform, received a €10m growth investment.
Backers included the Venture Capital unit of Siemens (SFS VC) and Gimv, a publically traded private equity firm.
The company intends to use the funds to expand product research and development activities.
Led by Christoph Wilfert, CEO, PE International provides a sustainability performance management solutions to more than 1,500 companies, academic institutions, governments and associations such as BASF, Hewlett-Packard, Interface, Kraft Foods, Siemens, Unilever, Volkswagen, the Bank of England and the European Commission.
The company also appointed Dr. Friedrich Fröschl to its board of directors. Fröschl, a former member of the executive board of Siemens AG, is general partner and president of HiTech Invest Munich/New York, an advisory for private equity companies and corporations in the technology sector. He also serves on the board of several public and private IT companies.