In December 2016, Partech Ventures, a French-based IT venture capital firm with $850 million under management, announced a minority ownership investment of €30 million (US$32 million) in EcoVadis, a global online platform for supply chain stewardship performance ratings. Founded in 2008, EcoVadis has successfully grown at an ambitious rate to achieve revenues that Verdantix estimated to be between $15 million and $20 million in 2016. The investment is the first external capital received by EcoVadis and reflects confidence in the supply chain stewardship market and the firm’s growth trajectory. This report helps market participants to understand the details of the investment, the reasons behind the successful growth of EcoVadis and the implications for other vendors with an interest in the supply chain stewardship software market.
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