Measurabl, the world's most widely adopted ESG (environmental, social, governance) technology platform for real estate, announced today the close of its $93 million Series D round of venture capital. Proceeds will go towards continued expansion of Measurabl's market-leading 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," says 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.
"Measurabl has been ahead of the curve on the twin megatrends of digitalization and ESG sweeping the real estate sector," said Lindsay Luger, partner at Energy Impact Partners and member of Measurabl's Board. "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."