Mannheim-based osapiens, a leading provider of compliance and sustainability reporting solutions, has raised €111 million ($120 million) in a Series B funding round. This round was led by Growth Equity at Goldman Sachs Alternatives, with existing investor Armira Growth also participating.
Founded in 2018 by Alberto Zamora, Stefan Wawrzinek, and Matthias Jungblut, osapiens has developed the osapiens HUB, an AI-based cloud platform that enhances compliance and transparency across the entire value chain. This platform helps companies tackle various ESG (Environmental, Social, and Governance) challenges, including risk identification, meeting reporting requirements, and automating operational processes to ensure sustainability.
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Strategic Use of Funds
The newly secured funds will be used to accelerate the international expansion and further develop its technology platform, making business operations more compliant, resilient, and efficient. CEO Alberto Zamora expressed enthusiasm about the partnership: “We are thrilled to be working with Goldman Sachs. Their support underscores our leadership in the ESG compliance market and will help us drive global sustainability efforts.”
Broad Industry Impact
The company provides Software-as-a-Service solutions that enable companies across various industries to quickly, automatically, and securely implement ESG requirements. The company supports over 1,300 customers worldwide, including major names like Bosch, Coca-Cola North America, Metro, Costco, Ritter Sport, Lidl, Celanese, C&A, and DM, and employs over 300 people.
Backing from Goldman Sachs
Goldman Sachs, a global investor with over $450 billion in assets and extensive experience in alternatives, led the investment. Alexander Lippert, Managing Director at Growth Equity at Goldman Sachs Alternatives, highlighted osapiens’ value: “The german team creates extraordinary value for their customers, helping them meet regulatory requirements while driving tangible business value. We see enormous potential in osapiens and are pleased to support their mission.”
With this substantial investment, the german startup is poised to expand its reach and continue advancing its innovative ESG compliance solutions, contributing to more sustainable business practices worldwide.
