Enablon Raises $15m in Growth Capital
The financing will support the company’s further expansion in Europe, North America and Asia along with increased product research and development.
Enablon sells technology that enables end-to-end management of sustainability performance. The company’s software is used by more than 250 global companies and 200,000 users across all industries.
Environmental Technologies Fund is a growth capital investment fund backed by institutional investors and specializing in European cleantech companies. It is supported by the European Communities Growth and Employment Initiative.
“From day one, Enablon’s mission has been to enable the Sustainable Company. That commitment has fueled our growth over the last decade,” CEO Dan Vogel said. “The Environmental Technologies Fund’s investment will help us accelerate the pace of our global expansion, drive forward the advancement of our products and underlying technology, support new cloud-computing initiatives, and maintain excellence in customer service and support.”
“Global companies recognize that achieving the highest standards of sustainability is essential to both their bottom-line and long term growth prospects and Enablon has rapidly expanded worldwide to offer the best software solutions in this high growth market,” Environmental Technologies Fund partner Rob Genieser said. “At the Environmental Technologies Fund, we support great growth companies that are making a big environmental impact, and Enablon is doing just that.”
Enablon was founded in 2000 in Paris by Dan Vogel, Marc Vogel and Philippe Tesler. Global headquarters are in Paris, with North American headquarters in Chicago and offices in Houston, London, Madrid and Montreal.
Recently Tesler, the CEO of Enablon North America, told participants in an Environmental Leader webinar that today’s panoply of environmental risks require companies to act quickly and fluidly. “There’s never been an environment with so many risks and all these risks happening at the same time,” Tesler said in the webinar, Best Practices for EHS Compliance and Sustainability Performance Management.
“If you look at [Fukushima], it affected the supply chain worldwide in literally a few days.”
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