EcoIntense GmbH, a Berlin, Germany-based provider of health and safety, environmental management and sustainability solutions, closed a €22m equity growth funding.
Backers included One Peak Partners and investment funds managed by Morgan Stanley Expansion Capital, the growth-focused private investment team within Morgan Stanley Investment Management.
As part of the investment, Berlin-based BBAF Business Angels Fondsgesellschaft and Swiss family office Wecken & Cie sold their respective shareholdings in EcoIntense to new investors.
The company will use the funds for international growth and product development.
Led by founder and CEO Markus Becker, EcoIntense provides EcoWebDesk, a SaaS based platform that enables businesses to manage all processes and tasks relating to health, safety and environment (HSE) as well as sustainability, whilst also meeting legal compliance requirements.
The company currently employs more than 90 staff at its headquarters in Berlin with additional offices in the German states of Bavaria and Lower Saxony, as well as in Austria and the United States.