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Venture Capital: Real Estate ESG Platform Measurabl Scores $93M Series D

Reported by Dailyalts
Jun 1, 2023· 2 min read
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Key Takeaways
  • • Measurabl closed a $93 million Series D funding round co-led by Energy Impact Partners and Sway Ventures, positioning the ESG platform for accelerated global expansion and product enhancement.
  • • The oversubscribed round attracted participation from 12 additional venture and strategic investors, including Salesforce Ventures, Colliers, and Lincoln Property Company, signaling institutional confidence in real estate ESG technology.
  • • Measurabl's platform covers over 16 billion square feet of real estate across 93 countries, leveraging the world's largest real estate ESG dataset to provide peer-relative performance benchmarking and combat greenwashing.
  • • Funding will be deployed toward enhancing ESG technology solutions, entering new geographic markets, and establishing strategic global partnerships to support the real estate industry's sustainability transition.
Summary
Measurabl, a leading environmental, social, and governance (ESG) technology platform serving the real estate sector, has secured $93 million in Series D funding to accelerate its global expansion and product capabilities. The oversubscribed round was co-led by Energy Impact Partners and Sway Ventures, with substantial participation from a diverse investor base including venture firms Moderne Ventures, Building Ventures, and RET Ventures, as well as strategic investors such as Salesforce Ventures, Colliers, Lincoln Property Company, and Suffolk Construction.

The funding deployment strategy focuses on three primary areas: enhancing Measurabl's ESG technology solutions, expanding into new geographic markets, and establishing partnerships that extend its global reach. The company positions its platform as addressing a critical gap in real estate sustainability infrastructure, offering what it describes as "ESG solutions from meter to market."

Measurabl's operational scale underscores the platform's market penetration within the real estate sector. The technology currently monitors and provides analytics across over 16 billion square feet of real estate spanning 93 countries, drawing insights from what the company claims is the world's largest real estate ESG dataset. This extensive data infrastructure enables the platform to deliver peer-relative performance benchmarking, allowing real estate stakeholders across various company sizes and ESG maturity levels to assess, oversee, document, and implement ESG initiatives.

The funding round reflects growing institutional recognition that technological transparency and objective measurement are essential to combating greenwashing and facilitating the real estate industry's transition toward sustainable operations. With a diverse investor base combining climate-focused capital, traditional venture firms, and strategic real estate sector players, Measurabl has positioned itself as a foundational infrastructure provider supporting the real estate industry's ESG compliance and sustainability goals.

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Dailyalts Venture Capital: Real Estate ESG Platform Measurabl Scores $93M Series D