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Measurabl Raises $93M in Series D Funding to Drive Sustainable Real Estate Transformation

Published by
Matthew Martins
  • Measurabl, a startup specializing in ESG data for real estate, raises $93 million in Series D funding.
  • The round was co-led by Energy Impact Partners and Sway Ventures, with participation from prominent investors.
  • The funding will fuel Measurabl’s expansion, enhance its ESG technologies, and support the real estate industry’s transition to a sustainable future.

Measurabl, a startup at the forefront of developing environmental, social, and governance (ESG) data solutions for the real estate industry, announced today that it has successfully raised $93 million in a Series D funding round. The oversubscribed round was co-led by Energy Impact Partners and Sway Ventures, marking a significant milestone for the company. With this latest infusion of funds, Measurabl’s total funding now exceeds $170 million.

Founded in 2013 by former director of sustainability solutions at CBRE, Matt Ellis, Measurabl has quickly emerged as a key player in the ESG sector, attracting substantial venture backing. The company provides a comprehensive platform that empowers real estate businesses to effectively manage, benchmark, report, and track sustainability metrics across their operations.

One of the standout features of Measurabl’s technology is its ability to automate the collection of critical sustainability data, including electricity, water, fuel, district, and waste information from utility providers. Moreover, it offers tools to seamlessly integrate social and governance documents with environmental data, providing a holistic approach to ESG reporting.

The latest funding round will enable Measurabl to further enhance its market-leading ESG technologies, expand its reach into new geographic markets, and ensure that the real estate industry has access to reliable and investment-grade data. In an email interview with TechCrunch, Measurabl CEO Matt Ellis expressed his enthusiasm for the investment, stating, “This funding allows Measurabl to further enhance its 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.”

The Series D funding attracted a notable group of investors, 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. This diverse range of investors underscores the growing recognition of the importance of ESG initiatives in the real estate sector.

Brian Nugent, a general partner at Sway Ventures, highlighted the significance of Measurabl’s solutions in the evolving real estate industry. He commented, “Measurabl’s … solutions are critical for companies seeking to streamline their operations and gain a competitive edge in an increasingly data-driven world. As the real estate industry moves towards a more sustainable future, Measurabl’s innovative approach to data management will be essential in providing investment-grade reporting and analysis. This is not just a matter of meeting ESG standards; it is a financial imperative.”

The rising interest in ESG investments is evident in projections that indicate ESG investments will more than double in the next three years, accounting for 15% of all investments by 2025, according to a Dow Jones survey. However, recent political headwinds in the United States, such as attempts by Senate and House Republicans to overturn a Labor Department rule allowing retirement plans to consider ESG factors when making investment decisions, could potentially dampen the market’s growth trajectory.

With this substantial funding boost, Measurabl is poised to solidify its position as a market leader in the ESG data space for real estate. By offering comprehensive tools to streamline operations and deliver investment-grade reporting, Measurabl continues to support the industry’s transition to a more sustainable and profitable future.

Matthew Martins

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Published by
Matthew Martins

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