The Munich-based company was founded in 2016 and has grown to serve over 200 customers, monitoring nearly one million suppliers.
Its cloud-based platform assesses risk and monitors a large portion of the supply chain for environmental, social, and governance (ESG) metrics and compliance.
IntegrityNext has partnered and integrated with leading enterprise software tools such as Celonis, Coupa, and SAP, allowing it to offer supply chain assessments across numerous major industries.
The European market for sustainability supply chain software solutions is expected to see strong growth over the next few years. The penetrated market is growing by over 50% annually, with an expected market volume of approximately €2 billion in the medium term.
This development is driven by the introduction of several major regulatory frameworks across Europe, including the German Supply Chain Due Diligence Act, the EU’s Green Deal, and Corporate Sustainability Reporting Directive.
Increasing stakeholder pressure is also expected to drive market expansion, as ESG compliance and risk assessment becomes a “license to operate” issue for companies worldwide.
EQT Growth will partner with IntegrityNext on the next phase of its growth journey, as it seeks to cement its leading position within Germany while expanding its core product to serve upcoming European regulations.
EQT Growth will bring its experience of investing throughout the tech value-chain, supported by it’s dedicated in-house teams of digital and sustainability experts and network of 600 advisors.
Together, EQT Growth and IntegrityNext will further invest in the tech platform to support the acceleration of the product offering and position it for long-term success.
Martin Berr-Sorokin, CEO and co-founder of IntegrityNext, commented that supply chain transparency and sustainability is evolving from a nice-to-have to a must-have, and the partnership with EQT Growth will help IntegrityNext in the next stage of growth.
Dominik Stein, Partner in the EQT Growth Investment advisory team who will join IntegrityNext’s Advisory Board, praised IntegrityNext’s technology, stating that their cutting-edge product and large footprint in their home market of Germany positions them well to expand across Europe.