Measurabl, an environmental, social, governance (ESG) technology platform for real estate, has announced the close of its $93 mln (€87 mln) Series D round of venture capital.
Proceeds will go towards continued expansion of Measurabl’s 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, pro?table future for all,' Ellis added.
According to Measurabl, over 16 billion ft2 of commercial, residential and corporate real estate, accounting for in excess of $2 trn in asset value across 93 countries are on the platform.
'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,' said Hala El Akl, senior director of ESG and operations at asset manager Oxford Properties.
Measurabl has quickly expanded its offerings through a number of market moves. Its acquisition of Hatch Data in 2022 added solutions for asset decarbonisation to the platform.
The company also acquired WegoWise in 2022, to add utility data automation capabilities to its product.
