IntegrityNext, a firm with a mission to make supply chains more sustainable with better ESG compliance and oversight, has bagged €100m in new investment.
The investment was headed by EQT Growth. The recent raise will fuel the next stage of the company’s development.
According to EU Startups, Munich-based IntergrityNext has developed a sustainability software platform that is dedicated to making supply chains more transparent and compliant.
Founded in 2016, IntegrityNext’s solution supports enterprises to assess risk and monitor a large portion of their supply chain for ESG metrics and compliance, enabling them to meet the demands of stakeholders, regulatory and societal demands.
IntegrityNext plans to use the new funding to embark on the next phase of growth. The firm will also consolidate its position within the German market while also expanding its product to serve upcoming European regulations.
With this new funding, the innovators plan to embark on the next phase of growth. The company will consolidate its position within the German market whilst expanding the product to serve upcoming European regulations.
IntegrityNext CEO and co-founder Martin Berr-Sorokin said “The critical importance of ESG is not a new concept to modern businesses. However, as a raft of regulatory frameworks – like Germany’s LkSG or the EU’s CSRD – begin to take effect, supply chain transparency and sustainability is evolving from a nice-to-have to a must-have.
“As more clients entrust us and we embark on our next stage of growth, we’re excited to be partnering with an experienced and hands-on investor with European roots and global scale like EQT Growth.”
CyberTech startup Oleria has recently secured $8m in its seed funding round, which was led by Salesforce Ventures.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
