Datamaran Raises £11.7M in Series B funding


Datamaran, a London, UK-based provider of an ESG risk management software platform, raised £11.7M in Series B funding.

The round was led by Fortive with participation from American Electric Power.

The company intends to use the funds to enable additional product innovation and the expansion of its U.S. team to scale to meet the needs of the expanding ESG insights market.

Led by CEO Marjella Lecourt-Alma, Datamaran provides a software analytics platform that identifies and monitors external risks, including ESG. It is used by by blue-chip companies and top-tier partners, it has been recognized as best practice by the European regulator EFRAG for bringing a data-driven business process for materiality analysis and risk monitoring in-house – at any time. Its patented technology offers real-time analytics on strategic, regulatory, and reputational risks, specific to a business and value chain.