Overview

Enveritas provides sustainability assurance for the coffee and cocoa industries by visiting over 60,000 smallholder farms annually in more than 25 countries. The company evaluates the social, economic, and environmental practices of these farms to help them meet sustainability standards without any fees. Enveritas uses advanced geospatial analysis to enhance the accuracy of its assessments, which sets it apart from competitors. The goal is to enable all farmers, regardless of size or location, to participate in a sustainable market, thereby improving sustainability practices and ensuring a more responsible supply chain.

Simplify's Take

What believers are saying

• Growing demand for ethical sourcing boosts Enveritas' service demand among coffee and cocoa brands.
• EU deforestation regulations create opportunities for Enveritas to expand its client base.
• Advancements in remote sensing technology enhance Enveritas' verification processes.

What critics are saying

• Increased competition from other sustainability assurance providers threatens Enveritas' market share.
• Reliance on partnerships with large corporations poses risks if strategies change.
• Economic instability in key regions could disrupt Enveritas' farm visit operations.

What makes Enveritas unique

• Enveritas offers no-cost sustainability assurance to smallholder coffee and cocoa farmers.
• The company uses advanced geospatial analysis for accurate sustainability verification.
• Enveritas operates globally, visiting over 60,000 smallholder farms annually.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$120k

Below

Industry Average

Funded Over

1 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$120,000

Seed

Aug 2018

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$120k

$500k

$1.5M

$2M

$2.3M

$3M