Orrick advised GIC and Princeville Capital on their investments in EcoVadis’ $500 million funding round. This is the largest equity fundraising for a sustainability data SaaS company to date and brings EcoVadis’ total capital raised to over $725 million. The round was led by Astorg and BeyondNetZero, and also included General Atlantic’s climate investing venture.
EcoVadis is a provider of globally trusted business sustainability ratings. The company plans to leverage the funds raised to accelerate its global scale-up, deepen its artificial intelligence and machine learning capabilities and make strategic acquisitions.