IntegrityNext has raised €100 million via EQT Growth in a round that will see the company leverage its investors' expertise and connections in order to solidify its market position in Germany. Additionally, IntegrityNext aims to expand its product offer in order to meet upcoming European regulations including Germany’s LkSG and the EU’s CSRD.
Founded seven years ago almost to the date, this is the first time IntegrityNext has taken on an institutional investor, and co-founders Martin Berr-Sorokin (CEO), Simon Jaehnig (CRO), and Nick Heine (COO) will continue to lead the company.
“The critical importance of ESG is not a new concept to modern businesses. However, as a raft of regulatory frameworks like Germany’s LkSG or the EU’s CSRD begin to take effect, supply chain transparency and sustainability is evolving from a nice-to-have to a must-have. As more clients entrust us and we embark on our next stage of growth, we’re excited to be partnering with an experienced and hands-on investor with European roots and global scale like EQT Growth,” explained Sorokin.
With its software solution that aims to help businesses meet regulatory ESG requirements, manage ESG risks and improve supply chain sustainability, IntegrityNext (I presume that’s right after SerenityNow?) counts more than 200 clients including Siemens Gamesa, Infineon, SwissRe, Kion, and Hilti amongst its client base, a figure that the company claims makes it one of the leading ESG certification software players in Europe.
“IntegrityNext’s technology provides a streamlined and automated way for customers to easily monitor and certify their supply chain for ESG risks. Their cutting-edge product and large footprint in their home market of Germany positions them well to expand across Europe, as they have already built a significant proprietary supplier database. We look forward to working with Martin and the entire IntegrityNext team as they accelerate on their journey to making supply chains more transparent,” concluded EQT Growth’s Dominik Stein.