For Eco Vadis, all indicators are green. The company, which specializes in assessing the social and environmental impact of companies, has just completed a $ 500 million fundraiser that values it. “More than $ 1 billion” joining the ranks of French unicorns. Unicorn, but also centaur, because after reaching 50% growth, it will cross the threshold of regular income (ARR) of 100 million euros this year, an economic criterion that has become expensive for financiers during this time of crisis. EcoVadis is a demonstration that profitable companies remain very attractive to investors, especially in times of tight financing.
This new round of funding was led by the French Astorg Foundation and the American BeyondNetZero Foundation, accompanied by the Singapore Sovereign Partech Foundation, which entered the exit capital of Eco Vadis in 2016. “We have known the founders for three years…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.