Overview

Enveritas provides sustainability assurance for the coffee and cocoa industries by assessing smallholder farms worldwide. The company visits over 60,000 farms annually in more than 25 countries to evaluate their social, economic, and environmental practices. This hands-on approach allows even the smallest farms to meet sustainability standards without any fees. Enveritas serves coffee roasters and chocolate companies, helping them understand sustainability issues in their supply chains. By using advanced geospatial analysis, Enveritas improves the accuracy of its assessments, distinguishing itself from competitors. The goal is to empower all farmers to participate in a sustainable market, 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.

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Funding

Total Funding

$116.7k

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