EQT Progress invests EUR 100 million in IntegrityNext, a sustainability software program platform devoted to creating provide chains extra clear and compliant

  • Munich-based IntegrityNext empowers companies to satisfy regulatory ESG necessities, handle ESG dangers and enhance provide chain sustainability.
  • The Firm operates in a quickly rising market that may probably profit from the introduction of a number of main regulatory frameworks round local weather safety and human rights, as ESG compliance and danger evaluation turns into a “license to function” difficulty
  • Its cloud-based software program platform is utilized by greater than 200 clients, together with Siemens Gamesa, Infineon, SwissRe, Kion and Hilti. Thus far, the corporate displays virtually 1 million suppliers in additional than 190 international locations
  • EQT Progress will help the Firm as its first institutional investor, leveraging its expertise of investing all through the tech value-chain, international community of sustainability and expertise advisors, and in-house groups of digitization and sustainability specialists

The EQT Progress fund (“EQT Progress”) has immediately introduced a EUR 100 million funding in IntegrityNext (“the Firm”), a sustainability software program platform devoted to enabling provide chain transparency and regulatory compliance. Co-founders Martin Berr-Sorokin (CEO), Simon Jaehnig (CRO) and Nick Heine (COO), who’ve grown the enterprise while bootstrapped up to now, will proceed to steer the Firm. 

Based in 2016 and headquartered in Munich, Germany, IntegrityNext has grown to serve greater than 200 clients and monitoring virtually a million suppliers, making it one of many main environmental, social and governance (“ESG”) Certification software program options in Europe. Its cloud-based platform permits enterprises – resembling Siemens Gamesa, Infineon, SwissRe, Kion and Hilti – to evaluate danger and monitor a big portion of their provide chain for ESG metrics and compliance, permitting them to satisfy stakeholder calls for and regulatory necessities. IntegrityNext has additionally partnered and built-in with main enterprise software program instruments, together with Celonis, Coupa and SAP, permitting it to supply provide chain assessments throughout quite a few main industries.

The penetrated market in Europe for sustainability provide chain software program options is predicted to see robust progress over the following years. Based on market estimates, the penetrated market is rising by greater than 50 % yearly1 with an anticipated market quantity of round EUR two billion within the medium time period1,2. This growth is pushed by the introduction of a number of main regulatory frameworks throughout Europe. Most notably, these embrace the German Provide Chain Due Diligence Act (“LkSG”), the EU’s Inexperienced Deal and Company Sustainability Reporting Directive (“CSRD”). On the similar, growing stakeholder strain can also be anticipated to drive market growth, as ESG compliance and danger evaluation turns into a “license to function” difficulty for corporations worldwide.

EQT Progress will associate with IntegrityNext on the following part of its progress journey because it seems to be to additional cement its main place inside Germany, whereas increasing its core product to serve upcoming European rules. EQT Progress will carry its expertise of investing all through the tech value-chain, supported by EQT’s devoted in-house groups of digital and sustainability specialists and community of 600 advisors. Collectively, EQT Progress and IntegrityNext will additional put money into the tech platform to help the acceleration of the product providing, and place it for long-term success. 

Martin Berr-Sorokin, CEO and co-founder of IntegrityNext, mentioned: “The essential significance of ESG isn’t a brand new idea to fashionable companies. Nevertheless, as a raft of regulatory frameworks – like Germany’s LkSG or the EU’s CSRD – start to take impact, provide chain transparency and sustainability is evolving from a nice-to-have to essential. As extra shoppers entrust us and we embark on our subsequent stage of progress, we’re excited to be partnering with an skilled and hands-on investor with European roots and international scale like EQT Progress.”

Dominik Stein, Companion within the EQT Progress Funding advisory group who will be part of IntegrityNext’s Advisory Board, mentioned: “IntegrityNext’s expertise offers a streamlined and automatic manner for purchasers to simply monitor and certify their provide chain for ESG dangers. Their cutting-edge product and enormous footprint of their residence market of Germany positions them effectively to develop throughout Europe, as they’ve already constructed a big proprietary provider database. We sit up for working with Martin and the whole IntegrityNext group as they speed up on their journey to creating provide chains extra clear.”

Notes to Editors
1Supply: EQT Progress, Inner Market Sizing
2Supply: PWC Market-Report

Finn McLaughlan, +44 77 1534 1608, [email protected]
EQT Press Workplace, [email protected], +46 8 506 55 334


About EQT Progress

EQT Progress helps main growth-stage expertise corporations as they take the following step to scale. The technique seeks to speculate round EUR 50 million to EUR 200 million, backing robust administration groups of corporations supported by secular macro developments primarily inside 4 tech sub-sectors: enterprise, con/prosumer, well being, and local weather. Primarily based in 5 international locations throughout Europe, the EQT Progress group has in depth investing and working expertise that enables it to help its portfolio corporations nonetheless known as upon.

EQT Progress is an funding technique of EQT, a purpose-driven international funding group with EUR 113 billion in belongings below administration inside two enterprise segments – Personal Capital and Actual Property. EQT owns portfolio corporations and belongings in Europe, Asia-Pacific and the Americas and helps them in attaining sustainable progress, operational excellence and market management.

Extra information: www.eqtgroup.com
Observe EQT on LinkedIn, Twitter, YouTube and Instagram

About IntegrityNext – Enhance Provide Chain Sustainability

IntegrityNext is a number one answer for provide chain sustainability administration that empowers corporations to enhance provide chain sustainability and meet regulatory ESG necessities. The cloud-based platform permits corporations to rapidly and cost-effectively examine their provider base in opposition to sustainability-related rules (e.g. the German Provide Chain Act), requirements (e.g. worldwide human and labour rights), and voluntary commitments (e.g. provide chain decarbonization/Web Zero). IntegrityNext helps its shoppers determine and handle ESG dangers alongside the worth chain, decreasing reputational and monetary dangers and enhancing sustainability efficiency.

Extra information: www.integritynext.com


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