The $100m Series C was funded solely by Decarbonization Partners, the joint venture between BlackRock and Temasek.
German startup osapiens which provides software-as-a-service (SaaS) services to help companies meet ESG targets, says it has become a unicorn after raising $100m.
The Series C round was funded solely by Decarbonization Partners, the joint venture between BlackRock and Temasek focused on late-stage VC investing in decarbonising tech.
The company is now valued at over $1.1bn, following this round, it said. The Mannheim-headquartered firm has previously raised $147m with Goldman Sachs and German VC Armira Growth previous investors.
Osapiens provides enterprise software that helps companies manage regulatory compliance and sustainability across their businesses on a single platform. Its customers include Tesco and packaging company DS Smith.
It employs around 500 people and has a presence in markets including Germany, France, Spain, UK and the US. The company says it will use the proceeds to speed up product innovation and fuel growth in existing and new international markets.
Alberto Zamora, co-CEO and co-founder of osapiens, said: “This investment is a strong validation of our strategy and our long-term vision. It demonstrates that sustainable growth and AI-driven efficiency remain top priorities for global investors. Decarbonization Partners is an exceptional partner for us.
“With a focus on sustainability and the combined global presence and investment expertise of BlackRock and Temasek, they bring exactly the perspective and scale we need for our next phase of growth to become the indisputable global category leader in sustainable growth for enterprises of all sizes.”
Matthias Jungblut, co-CEO and co-founder, osapiens, said: “Decarbonization Partners understands both the regulatory dynamics companies face today and the business opportunity of AI-drivenefficiency that comes with it.
“Their deep experience in scaling category-defining technology companies makes them a perfect strategic fit alongside Goldman Sachs Alternatives and Armira Growth.”