Measurabl, a San Diego, CA-based ESG data management platform, closed $18.7M in Series B funding.
The round was led by Sway Ventures with participation from Salesforce Ventures, Camber Creek, Building Ventures, Concrete Ventures, Impact Engine, DivcoWest, Constellation Technology Ventures, the venture investing arm of Exelon Corporation, and S&P Global.
The company intends to use the funds for product R&D, partnerships, customer service, and expansion of its platform to Asia, in addition to growing European and North American markets already served.
Led by Matt Ellis, Founder and CEO, Measurabl provides software for commercial real estate ESG (environmental, social, governance) data management. Over 30,000 commercial buildings representing nearly 7 billion square feet across 70 countries measure, manage, and report ESG performance using Measurabl. This diverse real estate database includes everything from traditional office and industrial buildings to major sporting venues, education facilities, government campuses, data and retail centers.