Measurabl, a San Diego-based startup that provides software solutions for real estate companies to measure and report on their environmental, social, and governance (ESG) performance, has secured $93 million in a Series C funding round. The funding was led by venture capital firm, The Riverside Company, with participation from other investors including S&P Global, Salesforce Ventures, and Blackhorn Ventures.
The funding round is a testament to the growing interest in sustainability startups, particularly those focused on the real estate industry. Measurabl’s platform allows real estate companies to track and report on their ESG performance, which is becoming increasingly important for investors and stakeholders who are looking for companies that prioritize sustainability.
Measurabl’s platform provides a comprehensive solution for real estate companies to measure and report on their ESG performance. The platform collects data from various sources, including utility bills, waste management reports, and employee surveys, and uses machine learning algorithms to analyze the data and provide insights into a company’s ESG performance.
The platform also allows companies to benchmark their performance against industry standards and best practices, which can help them identify areas for improvement and set targets for future performance. This is particularly important for real estate companies that are looking to attract investors who are increasingly interested in companies that prioritize sustainability.
Measurabl’s platform has already been adopted by some of the largest real estate companies in the world, including CBRE, JLL, and Hines. The company has also partnered with industry organizations such as the Global Real Estate Sustainability Benchmark (GRESB) and the Urban Land Institute (ULI) to promote sustainability in the real estate industry.
The $93 million funding round will allow Measurabl to expand its platform and reach more real estate companies around the world. The company plans to use the funding to invest in product development, expand its sales and marketing efforts, and hire more staff.
The funding round is also a sign of the growing interest in sustainability startups among venture capitalists. According to a report by PitchBook, venture capital investment in sustainability startups reached a record high of $17.8 billion in 2020, up from $10.5 billion in 2019.
The interest in sustainability startups is driven by a number of factors, including increasing awareness of the impact of climate change, the growing demand for sustainable products and services, and the potential for financial returns from investing in companies that prioritize sustainability.
In conclusion, Measurabl’s $93 million funding round is a reflection of the strong interest in sustainability startups, particularly those focused on the real estate industry. Measurabl’s platform provides a comprehensive solution for real estate companies to measure and report on their ESG performance, which is becoming increasingly important for investors and stakeholders. The funding will allow Measurabl to expand its platform and reach more real estate companies around the world, and is a sign of the growing interest in sustainability startups among venture capitalists.
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- Source: Plato Data Intelligence.