Measurabl raises $18M Series B to Expand Leading ESG Software Platform for Real Estate
Measurabl, a Camber Creek portfolio company, announced today that it closed a $18mm Series B round led by Sway Ventures with participation from existing and new investors, including S&P
Measurabl, the world’s most widely adopted software for commercial real estate ESG (environmental, social, governance) data management, has closed $18.7 million in Series B funding. Sway Ventures led the round after participating in the Series A. S&P Global, the world’s preeminent provider of market intelligence, ratings, and financial indices, also participated in the round, underscoring the growing interest from the financial markets in Measurabl’s offering.
Over 30,000 commercial buildings representing nearly 7 billion square feet across 70 countries measure, manage, and report ESG performance using Measurabl. Within the U.S. alone, Measurabl covers approximately 7% of commercial floorspace. This uniquely deep and diverse database includes ESG data on everything from traditional office and industrial buildings to major sporting venues, education facilities, government campuses, data, and retail centers.
Doug Hodge, the former CEO of bond giant PIMCO and a Venture Partner at Sway Ventures, is joining Measurabl’s Board. “We’re heading towards a convergence where ESG indicators are held in comparable esteem to traditional financial metrics,” says Matt Ellis, Measurabl’s Founder and CEO. “As this new market reality takes hold, every real estate transaction - from investment to lending, appraisal to insurance, leasing to CapEx - will require easy access to accurate ESG indicators. Measurabl is building the digital infrastructure to enable this market transformation.”
Camber Creek, a venture capital firm focused on real estate technology, led the $7 million Series A less than nine months ago. “Camber Creek invests in companies that are creating meaningful disruption in the real estate industry,” says Jake Fingert, General Partner at Camber Creek “and Measurabl is at the forefront of this transformation. Their recent progress and vision for the future are charting a new course for the industry where the real estate market and corporations can easily access accurate and important data to inform transactions and decisions.”
Measurabl will invest Series B proceeds into product R&D, partnerships, customer service, and expanding its platform to Asia, in addition to growing European and North American markets already served.
Measurabl is the world’s most widely adopted ESG software for commercial real estate. Nearly 7 billion square feet of commercial property valued in excess of USD $1 trillion across 70 countries use Measurabl to measure, manage, and report environmental, social, and governance performance. ESG data is used to exceed tenant expectations, comply with government regulation, and access capital markets. Learn more at http://www.measurabl.com.