Engagement — Platform Due Diligence
Code & Co. advised Decarbonization Partners on Tech and Product Due Diligence ahead of its investment in osapiens, a German‑founded global software company providing AI‑powered, cloud‑based ESG solutions, which reached unicorn status following the investment.
osapiens, a leading provider of enterprise software for sustainable growth, has announced that it had entered into an agreement for Decarbonization Partners, a joint venture between BlackRock and Temasek, to lead the US$ 100 million Series C fundraising round, subject to regulatory approvals. Decarbonization Partners will join existing investors Goldman Sachs Alternatives, which led the US$ 120 million Series B in 2024, and Armira Growth, which led the US$ 27 million Series A investment in 2023.
Scope of Work
Marking the third audit by Code & Co. following Armira Growth’s investment in 2023 and Goldman Sachs’ investment in 2024, Code & Co. reviewed osapiens’ operational software platform, assessing its modular architecture, infrastructure, technology stack, and embedded AI capabilities that support data-driven compliance and sustainability use cases.
Furthermore, Code & Co. evaluated the company’s product roadmap, ecosystem approach, and scalability. The due diligence also encompassed an assessment of the engineering organization, software development lifecycle, quality management and compliance framework.
About osapiens
osapiens develops software that empowers companies to drive sustainable growth across their entire value chain. The osapiens HUB, a multi-tenant hyperscaler platform designed to enable cross-company collaboration and AI-automation, combines over 25 solutions in two categories: Transparency solutions enable companies to report on financial and non-financial data, manage supply chains, mitigate risk of all kinds (including cyber-risks and trade- and geo-political risks), and ensure compliance with product, reporting and supply chain regulations. Efficiency solutions enable AI-driven supplier collaboration, maintenance, service, and distribution processes to improve operational performance and strengthen competitiveness.
osapiens supports more than 2,400 customers worldwide, from SMEs to global enterprises across industries. Headquartered in Mannheim, Germany, with offices across Europe and the United States, the company works with an international team of over 550 employees. https://osapiens.com
About Decarbonization Partners
Decarbonization Partners is a joint venture between Temasek and BlackRock focused on late-stage venture capital and early growth private equity investing in next-generation companies that provide solutions and technologies to help accelerate global efforts to achieve a net zero global economy by 2050. Decarbonization Partners combines Temasek and BlackRock’s complementary platforms and expertise in sourcing and underwriting private investments, portfolio and risk management, and sustainable technology and analytics. Decarbonization Partners invests in a wide range of companies that have proven technology and need capital to scale. The partnership attracted US$1.40 billion in capital from a diverse set of over 30 institutional investors across North America, Europe and Asia Pacific. https://www.decarbpartners.com