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Measurabl checks in $93M to drive ESG technology for real estate across global market

Measurabl
Measurabl

Measurabl, a California-based ESG (environmental, social, governance) technology platform for real estate, has secured $93 million in an oversubscribed Series D round of venture capital.

The round was co-led by Energy Impact Partners (backed HeatTransformers) and Sway Ventures. Additionally, a coalition of top venture and strategic investors also participated, including Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers, and Lincoln Property Company.

Measurabl will use the funds to accelerate the development of ESG technology solutions for real estate. Further, the US firm will use the capital to continue its international expansion, emphasising new markets like Asia-Pacific, in addition, to mature markets in Europe and North America.

“The antidote to greenwashing is objective measurement and transparency,” says Matt Ellis, Measurabl Co-Founder and CEO. “This funding allows us to further enhance our market-leading ESG technologies, expand to new geographies, and ensure the real estate industry has the investment grade data necessary to transition to a sustainable, profitable future for all.”

Provides ESG solutions for real estate

Founded by Matt Ellis and Lance Onken, Measurabl is the most widely adopted ESG (environmental, social, governance) solution for real estate.

Measurabl empowers customers to optimise ESG performance, assess exposure to physical climate risk, drive decarbonization, and secure sustainable finance opportunities. 

Companies of all sizes and levels of ESG maturity use Measurbl to measure, manage, report, and act on ESG, claims Measurbl. 

In total, over 16 billion square feet of commercial, residential, and corporate real estate, accounting for in excess of $2 trillion in asset value across 93 countries, are on the platform, resulting in unparalleled insights into peer-relative performance, driven off the world’s largest real estate ESG dataset.

“As a global owner with a sophisticated decarbonization and ESG strategy, Oxford Properties has partnered with Measurabl for years to unify and streamline our sustainability efforts. Measurabl continues to be the industry’s preferred platform for simplifying ESG data management, decarbonization, and reporting, so we’re excited to be part of a global community supporting them to drive positive impact for our customers, community, and planet,” said Hala El Akl, Senior Director of ESG and Operations at Oxford Properties, a global asset manager with $87 billion in assets under management.

“Measurabl has been ahead of the curve on the twin megatrends of digitalization and ESG sweeping the real estate sector,” said Lindsay Luger, partner at Energy Impact Partners and member of Measurabl’s Board. “They have become the indispensable ESG platform for real estate and trusted partner to owners and occupiers who must mitigate climate risk, decarbonize their real estate portfolios, and improve access to capital.”

“Measurabl’s market-leading ESG technology solutions are critical for large owner-operators of real estate seeking to simplify ESG data management, decarbonization, and reporting,” said Brian Nugent, General Partner at Sway Ventures. “We are thrilled to co-lead this oversubscribed round of funding with Energy Impact Partners and support Measurabl’s continued expansion and innovation to drive positive impact for our industry and the planet.”

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