Real estate-focused ESG data technology provider Measurabl announced today that it has raised $93 million, with proceeds from the financing aimed at expanding its platform, and to fund international expansion and global partnerships.

Founded in 2013, San Diego-based Measurabl provides a data management platform enabling commercial, residential and corporate real estate owners and asset managers to measure, manage, and report ESG data, in order to assess and mitigate exposure to physical climate risk, comply with regulations, act on building decarbonization and support sustainable finance opportunities. The platform now covers more than 16 billion square feet of real estate, representing over $2 trillion in asset value across 93 countries.

Measurabl Co-Founder and CEO Matt Ellis said:

“The antidote to greenwashing is objective measurement and transparency. 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.”

The new Series D financing round follows Measurabl’s $50 million Series C capital raise in 2021. Since completing the prior round, the company has acquired companies including utility data automation and residential real estate software platform WegoWise, and decarbonization-focused smart building platform provider Hatch Data.

The company said that with the current round of funding it will continue consolidating ESG tools and services into its platform, integrating its Asset Optimization and Enterprise ESG products, as well as investing in a globalized customer support and partner network. Measurabl added that it will also continue international expansion efforts, including in new markets like Asia-Pacific.

The funding round was led by venture capital investors Energy Impact Partners and Sway Ventures, with participation from investors 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.

Lindsay Luger, partner at Energy Impact Partners, said:

“Measurabl has been ahead of the curve on the twin megatrends of digitalization and ESG sweeping the real estate sector. They have become the indispensable ESG platform for real estate and trusted partner to owners and occupiers who must mitigate climate risk, decarbonize their real estate portfolios, and improve access to capital.”

Brian Nugent, General Partner at Sway Ventures, added:

“Measurabl’s market-leading ESG technology solutions are critical for large owner operators of real estate seeking to simplify ESG data management, decarbonization and reporting. We are thrilled to co-lead this oversubscribed round of funding with Energy Impact Partners and support Measurabl’s continued expansion and innovation to drive positive impact for our industry and the planet.”

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