German sustainability software outfit osapiens becomes unicorn, following $100M raise

German sustainability software firm osapiens has achieved unicorn status, reaching a valuation exceeding $1.1 billion following a recent $100 million funding round. The investment, a Series C round, was led by Decarbonization Partners, a venture between BlackRock and Temasek, highlighting the growing significance of ESG (Environmental, Social, and Governance) focused technologies in the European market and beyond. This milestone underscores the increasing investor interest in solutions that help businesses meet sustainability targets and manage regulatory compliance. Osapiens' SaaS platform provides businesses with tools to manage sustainability and regulatory compliance through a unified interface. The Mannheim-based company, which has previously raised $147 million, now boasts a team of around 500 employees and operates across key markets including Germany, France, Spain, the UK, and the US. The latest funding will be allocated to accelerate product development and fuel expansion into new international markets, as stated by the company. This development affects a broad range of stakeholders, from enterprises seeking to improve their ESG performance to investors looking for opportunities in the green tech sector. With customers like Tesco and DS Smith already utilizing the platform, osapiens is poised to become a leading player in helping businesses achieve sustainable growth. The rise of osapiens also points to the European Union's focus on digital solutions supporting the green transition. Looking ahead, osapiens plans to leverage AI-driven efficiency to further its mission. With backing from global investors like BlackRock and Temasek, the company is well-positioned for continued expansion and leadership in the sustainable software space.