osapiens, a Mannheim, Germany-based ESG platform specializing in compliance and sustainability reporting solutions, has secured €110.7 million in a Series B funding round.
Investors
The round was led by Growth Equity at Goldman Sachs Alternatives is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of December 31, 2023.
osapiens Use of Funds
The company will use the funds for its international expansion and further development of its technology platform.
About osapiens
Founded in 2018 in Mannheim, Germany, by Alberto Zamora, Stefan Wawrzinek, and Matthias Jungblut, osapiens provides an AI-powered cloud platform, HUB, designed to simplify compliance with international ESG regulations, such as 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 while automating processes to reduce manual workloads. The company supports over 1,300 customers worldwide, including major companies like Bosch, Coca-Cola North America, Metro, Costco, Ritter Sport, Lidl, Celanese, C&A, and DM.
Funding Details
Company: osapiens services GmbH
Raised: €110.7M
Round: Series B
Funding Month: July 2024
Lead Investors: Goldman Sachs Alternatives
Company website: https://osapiens.com/
Software Category: Environmental, Social, and Governance Solutions
Source: https://www.eu-startups.com/2024/07/mannheim-based-osapiens-raises-e110-7-million-series-b-to-help-companies-navigate-esg-regulation/