osapiens, an ESG platform and provider of compliance and sustainability reporting solutions, today announced the completion of a $120m Series B.
The company is set to use these funds to accele rate international expansion and further enhance its technology platform.
The $120m investment was led by Growth Equity at Goldman Sachs Alternatives, securing a minority stake in osapiens. This follows a significant $27m Series A led by Armira Growth in 2023, marking continued confidence in osapiens’ innovative approach to ESG technology.
osapiens has quickly established itself as a global leader in the ESG technology sector. Its primary product, the osapiens HUB, is an AI-powered cloud-based platform designed to streamline compliance with international ESG regulations.
This includes the Corporate Sustainability Reporting Directive (CSRD), the European Union Deforestation-free Regulation (EUDR), and the Corporate Sustainability Due Diligence Directive (CSDDD). The platform also helps companies identify and mitigate risks in their operations and supply chains, and reduce manual workloads through automation.
The funds from this round will be utilised to support the company’s plans for expanding its international reach and investing further in its technology. This is aimed at enhancing business compliance, resilience, and efficiency on a global scale.
osapiens is differentiated by its ability to leverage a common data model that integrates compliance, risk mitigation, and operational efficiency modules in a single platform. This unique feature fosters real impact and distinct market advantage, enhancing transparency and efficiency, and providing businesses with actionable insights that promote long-term sustainability and a positive environmental impact.
“We are thrilled to be working with Goldman Sachs,” osapiens CEO Alberto Zamora said. “Their support is a testament to our leadership position in this highly competitive and rapidly evolving market – ESG compliance and process efficiency. We are proud to offer a single platform that helps companies around the world to navigate the complexities of ESG regulation with ease and confidence and to achieve long-term sustainability. osapiens enables them to make a positive impact not only on their P&L but also on the planet.”
Alexander Lippert, Managing Director in Growth Equity at Goldman Sachs Alternatives, commented on the investment, “osapiens creates extraordinary value for their customers, helping them meet an increasing number of regulatory requirements, whilst simultaneously driving tangible business value. We see enormous potential in osapiens and we are pleased to help them further on their mission.”
Since its founding in Mannheim, Germany in 2018, osapiens has grown to support over 1,300 customers worldwide, including high-profile names such as Bosch and Coca Cola North America. The recent fundraising highlights a year of rapid growth for osapiens, with the total number of customers growing at over 473% in 2023.
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
