Measurabl Raises $18 Million for Expansion
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Measurabl, providers of 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. Other repeat investors include Salesforce Ventures and real estate technology specialists Camber Creek, who led the Series A, Building Ventures, Concrete Ventures, Impact Engine and DivcoWest.
Major new investors included Constellation Technology Ventures, the venture investing arm of Exelon Corporation, and S&P Global, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets.
More than 30,000 commercial buildings representing nearly 7 billion square feet across 70 countries measure, manage and report ESG performance using Measurabl. The database includes everything from traditional office and industrial buildings to major sporting venues, education facilities, government campuses, data and retail centers.
Measurabl will invest Series B proceeds into product research and development, partnerships and customer service. The company also plans to expand its platform to Asia, in addition to growing the European and North American markets it already serves.