Measurabl, the world’s most widely adopted ESG (environmental, social, governance) technology platform for real estate, has closed its $93 million Series D round of venture capital. Proceeds will go towards continued expansion of its ESG technology solutions for real estate, continued international expansion and global partnerships.
The oversubscribed round was co-led by Energy Impact Partners and Sway Ventures. A global coalition of top venture and strategic investors also participated including Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers and Lincoln Property Company.
“The antidote to greenwashing is objective measurement and transparency,” said Matt Ellis, Measurabl co-founder and CEO. “This funding allows us to further enhance our market-leading ESG technologies, expand to new geographies and ensure the real estate industry has the investment grade data necessary to transition to a sustainable, profitable future for all.”
Companies of all sizes and levels of ESG maturity use Measurabl to measure, manage, report and act on ESG. In total, over 16 billion square feet of commercial, residential and corporate real estate, accounting for in excess of $2 trillion in asset value across 93 countries, are on the platform, resulting in unparalleled insights into peer-relative performance, driven off the world’s largest real estate ESG dataset.
“As a global owner with a sophisticated decarbonization and ESG strategy, Oxford Properties has partnered with Measurabl for years to unify and streamline our sustainability efforts. Measurabl continues to be the industry’s preferred platform for simplifying ESG data management, decarbonization and reporting, so we’re excited to be part of a global community supporting them to drive positive impact for our customers, community and planet,” said Hala El Akl, senior director of ESG and operations at Oxford Properties, a global asset manager with $87 billion in assets under management.
With this latest round of funding, the company will continue consolidating ESG tools and services into its all-in-one ESG technology platform for real estate. This includes integrating its Asset Optimization and Enterprise ESG products and investing in a globalized customer support and partner network. Measurabl will also continue its international expansion, emphasizing new markets like Asia-Pacific in addition to mature markets in Europe and North America.
