BlueMark, a New York-based provider of independent impact verification and intelligence for the impact and sustainable investing market, raised $10M in Series A funding.
The round was led by S&P Global, with participation from Temasek Trust Capital, Blue Haven Initiative, Gunung Capital, and Tsao Family Office, Ford Foundation and Radicle Impact.
The company intends to use the funds to expand operations and its business reach.
Founded in January 2020 as a spinoff from Tideline, and led by CEO Christina Leijonhufvud, BlueMark is a provider of independent impact verification and intelligence for the impact and sustainable investing market. Its impact verification service encompasses an analysis of an investor’s (a) impact management practice (the policies, tools, and processes necessary to execute on their impact strategy) and (b) impact reporting (the completeness and reliability of their reported impact performance). The verification methodologies draw on a range of industry standards, frameworks, and regulations, including the Impact Management Project (IMP), the Operating Principles for Impact Management (Impact Principles), the Principles for Responsible Investment (PRI), SDG Impact, and the Sustainable Finance Disclosure Regulation (SFDR).
Founded in January 2020, BlueMark has completed 125 verifications to date for investors with a combined $206 billion in impact AUM.
FinSMEs
18/04/2023