osapiens, an ESG platform provider of compliance and sustainability reporting solutions, headquartered in Germany, announced the completion of a $120 million series B funding round led by Growth Equity at Goldman Sachs Alternatives. The company said the funds will be used to facilitate international expansion and further invest in its technology platform. Goldman Sachs Alternatives has acquired a minority stake in osapiens and is joining existing investor Armira Growth, who led the $27m Series A in 2023.
As a leading solution, the osapiens HUB offers an AI-powered, cloud-based platform that greatly simplifies compliance for businesses with complex international ESG regulations. These include the Corporate Sustainability Reporting Directive (CSRD), the European Union Deforestation-free Regulation (EUDR), and the Corporate Sustainability Due Diligence Directive (CSDDD).
Beyond compliance, the osapiens HUB is adept at identifying and mitigating risks within company operations and supply chains, significantly reducing manual workloads through its advanced process automation capabilities.
The funding will also help osapiens enhance its product offerings and expand its reach in both existing and new markets. “We are thrilled to be working with Goldman Sachs. Their support validates our leadership in the competitive and fast-evolving market of ESG compliance and process efficiency. Our platform enables companies globally to navigate the complexities of ESG regulations effortlessly and confidently, fostering long-term sustainability and making a positive impact on both their profitability and the planet,” said Alberto Zamora, Co-Founder and CEO of osapiens.
Alexander Lippert, Managing Director in Growth Equity at Goldman Sachs Alternatives said “osapiens creates extraordinary value for their customers, helping them meet an increasing number of regulatory requirements, whilst simultaneously driving tangible business value.”
The funding round follows a year of significant growth for osapiens, with its customer base expanding by over 473% in 2023.