17
Dec’ 2020

A new transaction in Tech for CAPZA, acquiring a stake in Sirsa

CAPZA is acquiring a stake in Sirsa, the European leader in ESG measurement in the financial industry.

CAPZA, together with RAISE Impact and Andera Partners, is acquiring a stake in Sirsa, the European leader in financial ESG measurement through its SaaS platform Reporting 21. The management remains the major shareholder. This transaction is in line with CAPZA Growth Tech fund, which is targeting a first closing in early 2021.

 

Founded in 2014 by Yannick Grandjean (Centrale Lyon, ISFA, formerly-Eurazeo), and joined in 2015 by Claire Naulleau-Sauvêtre (Polytechnique, Paris VII, formerly-Eurofins), Sirsa is currently one of the European leader in measuring companies’ extra-financial footprint and impacts.

 

Sirsa supports corporates and financial companies in measuring their (positive and negative) extra-financial impacts. Based on the simple assumption that measurement and monitoring engage action, Sirsa has developed the Reporting 21 SaaS platform, which it sees as a technological tool contributing to facilitate transformation.

 

With this platform, companies and financial institutions can collect and analyse all the data related to ESG and incorporate them into the overall management of their value chain. It is also a solution for meeting stakeholder demands around transparency and compliance. The Reporting 21 platform is agnostic and non-prescriptive, capable of processing tens of thousands of indicators, and adapting to different activity sectors and their methodologies, including technical subjects. It is presently used by thousands of users in 120 countries.

We are convinced that digital technologies can play a key role to enable a more responsible and inclusive development.
“ 
Laurent Bénard, Managing Partner de CAPZA

Combining its advisory expertise with the power of its digital platform, Sirsa currently supports around one hundred large clients and several thousand SMEs, helping them to identify and measure their extra-financial objectives (HR, carbon, climate, impact, supply chain, etc.) and implement action plans.

 

The company has seen growth of 60% a year over the last three years, underpinned by the accelerated adoption of ESG criteria by companies. This first round of financing will be used to speed up the development of the platform in France and internationally, and to strengthen its sales, technical and consulting teams.

 

It is a pleasure for us to support Sirsa in this new phase of development. We are convinced that digital technologies can play a key role to enable a more responsible and inclusive development. The quality and flexibility of its technological platform give it a real competitive edge and the company’s development will be underpinned by the growing requirement for companies and financial institutions to monitor and integrate extra-financial criteria” Laurent Bénard, Managing Partner de CAPZA.

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24 transactions since 2005
Source: CAPZA as at 30/06/2020. Data based on the joint CAPZA and Time for Growth track-record.
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