Funding

osapiens funding news – Mannheim-based osapiens Secures $120 Million in Series B Round Funding

Jul 30, 2024 | By Startup Rise EU

osapiens, the leading ESG platform and provider of compliance and sustainability reporting solutions, secures $120 million in series B round funding led by Goldman Sachs Alternatives' Growth Equity division.

osapiens, the leading ESG platform and provider of compliance and sustainability reporting solutions, secures $120 million in series B round funding led by Goldman Sachs Alternatives' Growth Equity division.

SUMMARY

  • osapiens, the leading ESG platform and provider of compliance and sustainability reporting solutions, secures $120 million in series B round funding.
  • osapiens was founded in Mannheim in 2018 by Alberto Zamora, Stefan Wawrzinek and Matthias Jungblut.

The funds will be used for further international expansion and for additional investments in the technology platform that helps make business processes more compliant, resilient and efficient. Goldman Sachs Alternatives has acquired a minority stake in it, joining existing investor Armira Growth, which led the $27 million Series A financing in 2023.

It has quickly established itself as one of the global leaders in the ESG technology sector. Its core product is the osapiens HUB, an AI-powered, cloud-based platform that simplifies compliance with international ESG regulations, including the Corporate Sustainability Reporting Directive (CSRD), the EU Deforestation-Free Supply Chain Regulation (EUDR) and the Corporate Sustainability Due Diligence Directive (CSDDD). In addition, it's HUB enables companies to identify and mitigate risks in their operations and supply chains and reduce manual workload through process automation.

Read also - Fractile funding news – UK-based Fractile Secures $15 Million in Seed Funding

What makes osapiens unique is the ability to leverage a common data model and integrate numerous modules for compliance, risk mitigation and operational efficiency into a single platform. This enables concrete optimizations and sets it apart from competitors. By improving transparency and efficiency, it delivers actionable insights that enable companies to secure sustainability in the long term and make a positive impact.

Alberto Zamora, co-founder and CEO of osapiens said, "We are delighted to partner with Goldman Sachs, This 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 use our unified platform to help companies worldwide efficiently and safely meet the challenges of ESG regulations and achieve long-term sustainability. osapiens enables them to positively impact not only their corporate balance sheet, but also the environment."

Alexander Lippert, Managing Director Growth Equity at Goldman Sachs Alternatives , says: "osapiens creates exceptional value for its clients by helping them meet an ever-growing number of regulatory requirements while significantly increasing business value. We see enormous potential in it and are excited to support the company on its further mission."

About osapiens

osapiens was founded in Mannheim in 2018 by Alberto Zamora, Stefan Wawrzinek and Matthias Jungblut. The international team of over 300 employees supports more than 1,300 customers worldwide, including Bosch, Coca-Cola North America, Metro, Costco, Ritter Sport, Lidl, Celanese, C&A and dm-drogerie markt. The financing round is the culmination of a rapid growth year for osapiens, in which the company was able to increase the total number of customers by over 473 percent.

Recommended Stories for You