Real estate ESG technology company Measurabl has closed a $93m Series D funding round to fuel global expansion of the platform.
The oversubscribed round was co-led by Energy Impact Partners and Sway Ventures. Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers and Lincoln Property Company also joined the funding round.
More than 16bn sq ft of commercial, residential and corporate real estate, accounting for in excess of $2tn in asset value across 93 countries, are currently on the Measurabl platform, which allows building owners to “measure, manage report and act on ESG”.
Matt Ellis, co-founder and CEO of Measurabl, 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.”
Lindsay Luger, partner at Energy Impact Partners and member of Measurabl’s board, added: “Measurabl has been ahead of the curve on the twin mega-trends of digitalisation and ESG sweeping the real estate sector. They’ve greatly outdistanced their competition in terms of scale and sophistication, becoming 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.”
