Enveritas

Enveritas

Provides sustainability assurance for coffee and cocoa

About Enveritas

Simplify's Rating
Why Enveritas is rated
B+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Food & Agriculture

Data & Analytics

Social Impact

Company Size

51-200

Company Stage

Seed

Total Funding

$120K

Headquarters

New York City, New York

Founded

2016

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.

YC Company
πŸ“ˆ
Significant Headcount Growth
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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.

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Funding

Total Funding

$120k

Below

Industry Average

Funded Over

1 Rounds

Notable Investors:
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

$3.3M
$120k
Enveritas
$1.5M
Slack
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Flexible Spending Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Paid Vacation

Growth & Insights and Company News

Headcount

6 month growth

↑ 3%

1 year growth

↑ 10%

2 year growth

↑ 4%
Dr. Wakefield
Jun 11th, 2024
Announcing Enveritas as DRWakefield's EUDR Partner

And DR Wakefield & Company Limited will share why DR Wakefield & Company Limited has chosen Enveritas as its partner to help DR Wakefield & Company Limited tackle them.

World Coffee Portal
Feb 29th, 2024
Tchibo partners with Enveritas to 'responsibly' source all coffee by 2027

Tchibo partners with Enveritas to 'responsibly' source all coffee by 2027.

Qahwa World
Feb 10th, 2024
PNG Coffees Secure Access to EU Market with Sustainability Partnership

Papua New Guinea's Coffee Industry Corporation (CIC) has partnered with Enveritas, a global sustainability platform, and JDE Peet's, a major coffee company, to ensure PNG coffee meets new European Union (EU) deforestation regulations.

GCR Magazine
Feb 7th, 2024
PNG partners with Enveritas and JDE Peet's to preserve access to EU coffee markets

PNG partners with Enveritas and JDE Peet's to preserve access to EU coffee markets.

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