Measurabl, a San Diego-based startup that provides software solutions for real estate companies to measure and report on their environmental, social, and governance (ESG) performance, has secured $93 million in a Series C funding round. The funding was led by venture capital firm, The Riverside Company, with participation from other investors including S&P Global, Salesforce Ventures, and Blackhorn Ventures.
The funding round is a testament to the growing interest in sustainability startups, particularly those focused on the real estate industry. Measurabl’s platform allows real estate companies to track and report on their ESG performance, which is becoming increasingly important for investors and stakeholders who are looking for companies that prioritize sustainability.
Measurabl’s platform provides a comprehensive solution for real estate companies to measure and report on their ESG performance. The platform collects data from various sources, including utility bills, waste management reports, and employee surveys, and uses machine learning algorithms to analyze the data and provide insights into a company’s ESG performance.
The platform also allows companies to benchmark their performance against industry standards and best practices, which can help them identify areas for improvement and set targets for future performance. Measurabl’s platform is designed to be user-friendly and accessible, even for companies that may not have extensive experience with sustainability reporting.
The funding round will allow Measurabl to expand its platform and reach more customers in the real estate industry. The company plans to use the funding to invest in product development, sales and marketing, and customer support. Measurabl also plans to expand its team and hire more employees to support its growth.
The interest in sustainability startups like Measurabl reflects a broader trend towards sustainable investing. Investors are increasingly looking for companies that prioritize sustainability and are taking ESG factors into account when making investment decisions. This trend is particularly strong in the real estate industry, where buildings account for a significant portion of global greenhouse gas emissions.
Measurabl’s platform provides a valuable solution for real estate companies looking to improve their ESG performance and meet the growing demand for sustainability reporting. With the support of its investors, Measurabl is well-positioned to continue its growth and make a significant impact in the real estate industry.
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- Source: Plato Data Intelligence.