EQT Invests €100 Million in Supply Chain

Private equity and venture capital investor EQT Group announced today a €100 million investment by its EQT Growth fund in supply chain sustainability software startup IntegrityNext.

Launched by cofounders Martin Berr-Sorokin (CEO), Simon Jaehnig (CRO) and Nick Heine (COO) in 2016, Munich-based IntegrityNext provides a software platform aimed at enabling companies to build more transparent and sustainable supply chains, and helping businesses to collaborate with suppliers to improve supply chain sustainability, across a wide range of ESG topics. The company serves over 200 customers, monitoring nearly a million suppliers in more than 190 countries.

According to the companies, the investment comes as the market for supply chain sustainability solutions is expected to see strong growth over the next several years, driven by the introduction of numerous new regulatory frameworks and disclosure initiatives, in addition to growing stakeholder pressure to address sustainability issues in company supply chains.

Martin Berr-Sorokin, CEO and co-founder of IntegrityNext, said: