EcoVadis, a Paris, France-based platform for environmental, social and ethical performance ratings for global supply chains, raised €30m in its first institutional funding.
The round was led by Partech Ventures.
The company intends to use the funds to accelerate worldwide adoption of its supplier corporate social responsibility (CSR) ratings, to advance the reliability and value delivered in its ratings, and to further invest in the core technologies of its platform, through in-house R&D and partnerships with tech startups.
Led by co-CEOs Pierre-François Thaler and Frédéric Trinel, EcoVadis provides a collaborative platform providing sustainability ratings and performance improvement tools for global supply chains.
Its CSR scorecards allow companies to monitor suppliers’ environmental, ethical, and social practices across 150 purchasing categories and 110 countries.
The company currently employs 320 professionals worldwide.