EcoOnline

Easing regulatory compliance

Company details

Year Aquired

2017

Location

Norway

Revenue (2018)

168 mSEK

Sector

SaaS

Employees

180

Investment Themes

Tech-Enabled Businesses

Contact

If you want to know more about EcoOnline please contact Joakim Sundby Johansen at: joakim.johansen@summaequity.com

EcoOnline is a European SaaS player, focused on making safety data sheet (SDS) and risk compliance easier for companies exposed to chemical substances. It has the largest SDS database and leading add-on chemical risk management functionality in the Nordics. In 2018, EcoOnline entered Ireland and UK from the acquisition of DCM Compliance.

Furthermore, the company in 2018 expanded the offering to other occupational safety areas, through an acquisition in Finland. The core chemical management software has capability to automatically update end-users’ SDS inventories when producers issue new information, enabling significant network effects.

 
Challenge

A substantial share of companies with exposure to chemicals in the workplace fail to comply with EU legislation. This means that employees and communities may be exposed to various types of substances that are harmful to human health and/or to the environment.

 

k
deaths are caused in Europe annually 80k by exposure to carcinogens at work
%
share of cancers caused by occupational carcinogens

 

How do we solve it?

EcoOnline provides a digitized platform that makes it easier for companies to share and store legally required data around the properties of industrial chemicals as well as the recommended precautionary measures.

 

How do we improve?

By attracting more customers, EcoOnline reduces the likelihood of injuries due to chemicals at work and minimizes the environmental impact of industrial activities.

 

Value creation

By facilitating easier regulatory compliance and risk management for its customers, EcoOnline increases its revenues while improving the quality of the database and its offering. For society, EcoOnline speeds up the adoption of best-practices and ultimately reduces the impact of using harmful chemicals and moderates other workplace risks.

Year Aquired

2017

Revenue (2018)

168 mSEK

Employees

180

Investment Themes

Tech-Enabled Businesses

Sector

SaaS

Location

Norway

Contact

If you want to know more about EcoOnline please contact Joakim Sundby Johansen at: joakim.johansen@summaequity.com

Website

Video

SDG Alignment
SDG Wheel
SDG 12
SDG 3
SDG 8
KPI reporting
SDG 8

REVENUE (SEKm)

2018
+38%
168
2017
118

SAFETY DATA SHEETS

2018
1.3M
2017
1.3M

Risk Assessments

2018
+14%
2.5M
2017
2.2M

REGISTERED USERS

2018
+48%
270K
2017
182K

Learn more about EcoOnline

EcoOnline secures new capital from Goldman Sachs and Summa Equity to realize further international ambitions

EcoOnline AS, a leading European software company helping customers optimize safe handling of chemicals and ensure occupational safety, will expand further internationally with new financing from Summa Equity and Goldman Sachs Merchant Banking Division. EcoOnline is a leading provider of workplace health and safety software which focuses on reducing the negative impact chemicals can have…

Read the story

EcoOnline secures new capital from Goldman Sachs and Summa Equity to realize further international ambitions

EcoOnline AS, a leading European software company helping customers optimize safe handling of chemicals and ensure occupational safety, will expand further internationally with new financing from Summa Equity and Goldman Sachs Merchant Banking Division. EcoOnline is a leading provider of workplace health and safety software which focuses on reducing the negative impact chemicals can have...
Learn more