EcoVadis, a provider of environmental, social and ethical performance ratings for global supply chains, announced in 2016 their first public funding about €30 Million from Partech Ventures. At this time the investment “has be used to accelerate worldwide adoption of EcoVadis’ 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 best-of-breed tech start-ups,” the company said in a press release.
“As a transatlantic investment fund, Partech is the ideal partner as we scale,” said Frédéric Trinel, co-CEO of EcoVadis. “This pivotal investment will empower our team to accelerate R&D and enhance our proprietary technology with the latest innovations in machine learning and natural language processing while broadening our expertise in CSR analysis to foster environmental, social and ethical performance improvement at a global scale.”
Beginning of 2018 Zobito invested alongside Partech in EcoVadis and Markus Roithmeier will be as Observer part of the advisory board. The unique approach of Zobito with the combination of a clear B2B software investment strategy and hands-on guidance was the main driver for the EcoVadis management to cooperate with the Zobito team.