Measurabl Closes $50 Million Series C, Expands World’s Leading ESG Technology Platform for Real Estate – PR Web

Measurabl Closes $50 Million Series C, Expands World’s Leading ESG Technology Platform for Real Estate PR WebMeasurabl Closes $50 Million Series C, Expands World’s Leading ESG Technology Platform for Real Estate PR Web

SAN DIEGO (PRWEB), September 14, 2021 Measurabl announced today that it has raised $50 million in Series B funding. Measurabl is the most widely used ESG (environmental. social. governance) technology platform for real-estate. These funds will be used to expand Measurabl’s platform as well as launch new services to meet the rapidly increasing global demand for sustainability tools and decarbonization. Energy Impact Partners, a global investor firm that is leading the transition to a sustainable future of energy, led the round. S&P Global and Constellation Technology Ventures were repeat investors. Starwood Capital Group was an affiliate, a global private investor firm focused on real property. Two of the top real estate service companies in the world, Colliers and Cushman & Wakefield were also new investors. Stone Point Capital is a private equity firm that focuses exclusively on the financial services sector. Matt Ellis, founder and CEO of Measurabl, says that the ESG Era has arrived. “The potential to decarbonize world’s largest asset group is a necessity that requires accurate ESG data being made readily available. This will allow every real estate transaction, from buying individual buildings to securitizing loans secured by hundreds of assets, to be sustainable. It will have profound benefits for society and business. Measurabl’s ESG platform connects information to action throughout the entire real estate experience. It covers everything from the most basic operational aspects of buildings in a boiler room to capital markets activities that are conceived in the boardroom. It is also the only real-estate ESG platform that has been widely adopted. Measurabl customers can gain unique insights into peer relative performance and can make credible disclosures. They can also identify ways to improve performance. The new funds will be used to enhance Measurabl’s regulatory compliance, climate and transition risk mitigation, health and well-being and capital markets services. Lindsay Luger, Partner with Energy Impact Partners, says that ESG measurement is quickly becoming a key part of the built environment. Not only is the energy transition important, but ESG actions also drive material asset appreciation. “Measurabl is the leading ESG data management platform for the real estate sector and we are excited about helping them expand into new markets and geographies. “Our commitment is to sustainability permeates every aspect of our approach to real-estate investing,” says Katherine Sherwin (Global Head of Real Assets Sustainable Investing at BlackRock). Measurabl has been a partner of ours for many years in order to implement ESG initiatives across our real property portfolios. Their data platforms are helping us realize tangible, measurable improvements in the operational efficiency as well as sustainability performance of our investments. Although ESG has been gaining momentum for many years, most real-estate owners are only beginning to incorporate sustainability into their business. In a 2021 survey of CRE professionals, the majority (81%) agreed ESG is crucial for driving important business decisions, but only 63% are “moderately-to-significantly confident” they are currently able to gather the amount and quality of data required to do so. Richard Mattison, President at S&P Global Sustainable, says that Measurabl is a pioneer of real estate ESG. “Comparable and objective ESG reporting and data are of increasing importance for companies and investors focused in the real estate sector. We were motivated to support Measurabl’s early growth and are thrilled to continue supporting its continued expansion. We continue to expand our support for investors and companies by investing in ESG innovation such as Measurabl. This is because we see a new operating environment that is focused on resilient and sustainable outcomes. “Measurabl helped our team create a compelling, data driven narrative behind our ESG achievements and efforts,” said Aaron Binkley (Senior Director of Sustainability at Digital Realty), the largest global provider cloud- and carrier-neutral interconnection, colocation, and data center solutions. “Digital Realty has issued green bonds totaling more than $6.3 Billion since 2015 to support our continued growth. This was made possible by Measurabl’s accurate data. Measurabl was founded by Matt Ellis, formerly Director of Sustainability Solutions at CBRE. Measurabl is a pioneer in ESG software for real-estate. The company now has a large number of US public REITs, global real estate asset managers, and corporations with significant real-estate footprints. About Measurabl
Measurabl, the most widely used ESG (environmental.social. governance) data management system for commercial real property, has more than 11 billion square footage across 80 countries. Measurabl allows companies to measure, manage, and disclose ESG performance, assess physical climate risk exposure, and take action on decarbonization or sustainable finance opportunities. Visit measurabl.com to learn more.