Led · Equity · Jun 2022

EcoVadis provides companies of all sizes with expert intelligence and evidence-based sustainability ratings, actionable scorecards, benchmarks, carbon action tools and insights to monitor and improve environmental, social and ethical performance. Its platform covers 200 industry categories and 175 countries and is used by about 95,000 businesses, including Amazon, Johnson & Johnson, L'Oréal, Unilever, LVMH, Salesforce, Bridgestone, BASF and JPMorgan. The company announced $500M in new funding and intends to use the proceeds to accelerate its global scale-up, deepen its artificial intelligence and machine-learning capabilities, and pursue strategic acquisitions. EcoVadis guides improvement journeys for environmental, social and ethical practices across companies and their trading partners. It operates offices across France, the United States, the United Kingdom, Germany, Poland, Canada, Tunisia, Mauritius, Japan, Hong Kong, Australia and Spain. The funding was reported on June 14, 2022. EcoVadis operates an evidence-based sustainability ratings and supplier engagement platform backed by a global team of CSR analysts and a single assessment methodology. Its scorecards provide insight into environmental, social and ethical risks across 198 purchasing categories and 155 countries. More than 450 enterprises—representing over $2.5 trillion in business spending—use EcoVadis’ ratings; the company’s network exceeds 60,000 assessed companies. In 2019 EcoVadis added 10,000 companies and opened offices in Tokyo, San Francisco and Melbourne. The company plans to use the funding to scale globally, expand into new countries, and further invest in its technology platform, sustainability intelligence solutions and its network of rated companies. Management emphasizes embedding sustainability, fair labor practices and ethics into enterprise supply chains and business commerce. EcoVadis provides sustainability ratings and performance-improvement tools for global supply chains through a collaborative platform. Led by co-CEOs Pierre-François Thaler and Frédéric Trinel, the company offers CSR scorecards that let companies monitor suppliers’ environmental, ethical and social practices across 150 purchasing categories and 110 countries. The company employs 320 professionals worldwide. EcoVadis raised €30m in its first institutional funding round, led by Partech Ventures. It plans to use the funds to accelerate worldwide adoption of its supplier CSR ratings, advance the reliability and value of its ratings, and further invest in the platform's core technologies via in-house R&D and partnerships with tech startups.

Led · Series D · Jan 2022

RoadRunner Recycling is a Pittsburgh, PA-based sustainable waste management company that provides customized and sustainable materials management solutions supported by proprietary technology. Led by CEO and founder Graham Rihn, the company serves thousands of commercial businesses across more than 20 industries. It leverages its technology and expertise to boost cost savings, improve recycling rates, streamline waste operations, and deliver customer experience. The company intends to use the funds to accelerate growth of its core business, expand its enterprise offering, and double down on its investment in technology. In January 2022 RoadRunner closed a $70 million Series D, and in October it acquired Compology, a waste and recycling smart metering technology company. The business has expanded into eight new U.S. markets, opened a second office in Phoenix, and grown headcount to nearly 600 employees. RoadRunner Recycling is a Pittsburgh, PA-based sustainable waste management company that provides customized materials management solutions supported by a technology platform. Its platform uses machine-learning to predict material volumes by industry and recommend efficient containers to organize waste and recycling streams. The company serves thousands of commercial businesses across more than 20 industries and operates in 40+ U.S. cities. RoadRunner’s solutions create customized plans to streamline waste and recycling operations, improve recycling rates, make sustainability goals measurable, and reduce costs while improving service. The company raised a $70M Series D to further develop its machine-learning and marketplace technology and grow its enterprise business offering. Total funding to date after the round is $129.5M. RoadRunner Recycling offers end-to-end waste and recycling management services powered by proprietary technology and AI/machine-learning to improve waste-stream management for commercial customers. The company serves more than 6,000 customers across over 20 industries and has helped divert approximately 130,000 tons of waste from landfill. RoadRunner reports increasing recycling rates by 10x the average and has saved customers more than $20 million on recurring waste and recycling costs. It plans to use new funding to expand into at least 10 new U.S. markets, further develop its AI/ML technology, and grow internal teams. Founded in 2014, the company emphasizes partnerships with customers and strategic investors to advance sustainability goals. RoadRunner Recycling, founded in 2014 in Pittsburgh, is a technology platform built for commercial recycling that combines proprietary data, marketplace dynamics and AI/ML to improve waste stream management. The company serves thousands of commercial businesses across more than 20 industries with custom recycling and waste solutions engineered to boost cost savings and recycling rates. RoadRunner reports surpassing 5,000 customers, facilitating 40,000 recycling routes, saving customers $20 million, and diverting more than 100,000 tons of recyclables from landfill. On average a single customer location working with RoadRunner increases recycling rates by 10x and recycles 8.6 tons annually that had been sent to landfills. The company plans to use new capital to double its team, further invest in AI/ML technology, continue U.S. expansion in current markets, and launch in up to 10 new markets including Austin, Phoenix and San Diego.