Measurabl, a San Diego, CA-based ESG (environmental, social, governance) technology platform for real estate, closed a $50m Series C funding round.
The round was led by Energy Impact Partners with participation from repeat investors S&P Global, Salesforce Ventures, Sway Ventures, Constellation Technology Ventures, and Building Ventures and new investors including an affiliate of Starwood Capital Group, Colliers and Cushman & Wakefield, Lincoln Property Company, and individuals from Stone Point Capital.
The company intends to use the funds to accelerate the expansion of its platform and support the launch of new services.
Led by Matt Ellis, Founder and CEO, Measurabl provides a platform that helps companies measure, manage and disclose ESG performance, assess exposure to physical climate risk, and act on decarbonization and sustainable finance opportunities. It connects information to action across the entire real estate experience, from operational aspects of buildings in the boiler room all the way to capital markets activities conceived in the boardroom. Customers have insights into peer relative performance, can create credible disclosures, and can identify pathways to improve performance.
The company now counts US public REITs and global real estate asset managers representing a combined $2 trillion in gross asset value among its subscribers, as well as corporations with significant real estate footprints.