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Transforming sustainability management systems.

Paris, 7 November 2022 - GP Bullhound announces a new investment in EcoVadis, in the $500m funding round led by General Atlantic and Astorg, with participation from Princeville, GIC and Blackrock. This latest funding brings the total investment in EcoVadis to more than $735m since its founding in 2007.

Founded in France, EcoVadis is a leading provider of globally trusted business sustainability ratings. The company assesses the quality of the sustainability management systems of their clients and their supply chain to provide a holistic view of sustainability and ESG policies and practices. As ESG engagement becomes a key topic for senior leadership, EcoVadis’ solution acts as a category changer while addressing a massive market with strong secular tailwinds.

ESG and sustainability trends have gained momentum in recent years, primarily due to mounting pressures from consumers, employees, and regulators. Today, we believe sustainability has become a critical aspect for global businesses which enabled EcoVadis to onboard more than 850 multinational enterprises, as well as their network of more than 100,000 rated companies in 175 countries and over 200 industries.

Frédéric Trinel, Co-founder and Co-CEO of EcoVadis, said: “This investment enables us to build on our traction to meet companies at any stage of their sustainability journey, and collaboratively drive improvement in practices and impact at scale. GP Bullhound has been an exceptional partner to us, and we appreciate their ongoing support in helping us delivering and expanding our mission.”

Manish Madhvani, Co-founder and Managing Partner at GP Bullhound, commented: “We have been following Frédéric and Pierre-François since 2016 and there are very few entrepreneurs like them, especially in the ESG space. Not only have they managed to build the clear category leading product, but have helped over 100,000 businesses increase the transparency of their supply chain. Supply chains are notoriously tricky and are a significant part of the total impact products have on the climate and society. Understanding the total impact is not only table stakes for companies, but consumers require it and we are thrilled to accompany EcoVadis in their journey towards a more sustainable business environment.”

GP Bullhound invested through Fund VI. Other recent investments include Connex One, Typeform, causaLens, HackerOne, Whoop, Patreon, DuckDuckGo, Discord, Revolut, and Klarna, among many others.

For enquiries, please contact:
Hampus Hellermark, Principal, at
Lina Baamer, Associate, at

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. For more information, please visit

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