ESG software startup osapiens announced today that it has raised $120 million in a Series B financing round, with proceeds aimed at accelerating the company’s international expansion and supporting investment in its technology platform.

Founded in 2018, Mannheim, Germany-based osapiens provides compliance and sustainability reporting solutions aimed at helping companies to create transparency and sustainable growth across the value chain, in addition to fulfilling legal ESG requirements, and automating manual processes.

osapiens’ flagship offering, the osapiens HUB, is an AI-powered cloud-based platform aimed at helping companies to implement and automate compliance with ESG regulations and laws such as CSRD, the EU Deforestation-free Regulation (EUDR), and CSDDD, in addition to enabling companies to identify and mitigate risks in operations and supply chains, and to reduce manual workloads through process automation.

The company said that the new capital will be used to accelerate product innovation and fuel growth across existing and new markets.

Alberto Zamora, Co-Founder and CEO of osapiens, said:

“We are proud to offer a single platform that helps companies around the world to navigate the complexities of ESG regulation with ease and confidence and to achieve long-term sustainability. osapiens enables them to make a positive impact not only on their P&L but also on the planet.”

The financing round was led by Growth Equity at Goldman Sachs Alternatives, with participation by existing investor Armira Growth, who led a $27 million Series A funding round for ospaiens last year.

Alexander Lippert, Managing Director in Growth Equity at Goldman Sachs Alternatives, said:

“osapiens creates extraordinary value for their customers, helping them meet an increasing number of regulatory requirements, whilst simultaneously driving tangible business value. We see enormous potential in osapiens and we are pleased to help them further on their mission.”