Total amount raised
$46.3 Millions
Latest funding date
09/01/2024
Location
Datamaran has successfully raised funds through multiple rounds, with its latest being a Series C. The platform offers AI-driven tools to help business leaders manage ESG strategies by providing real-time insights and monitoring risks and opportunities.
Investors backing Datamaran include Morgan Stanley Expansion Capital and American Electric Power. Keep reading to explore the intricacies of Datamaran's fundraising journey and the investors supporting this innovative platform.
What Is Datamaran?
Datamaran, founded on June 2, 2014, is headquartered in London, England. The company was established by Marjella Alma, Jean-Philippe Lecourt, and Jerome Basdevant. It operates within the finance, information services, information technology, and SaaS industries.
With a team of 101-250 employees, Datamaran offers AI-driven tools that provide real-time insights and monitor risks and opportunities. The platform is designed to help business leaders navigate the ESG landscape by transforming information into actionable insights.
How Much Funding Has Datamaran Raised?
- Series C
- Amount Raised: $33M
- Date: September 2024
- Lead Investors: Morgan Stanley Expansion Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth in the U.S. and advance initiatives in generative AI.
- Series B
- Amount Raised: £11.7M
- Date: September 2022
- Lead Investors: Fortive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deliver on the rising demand for strategic ESG insight.
- Series A
- Amount Raised: Not publicly disclosed
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: April 2016
- Lead Investors: Run Capital Investment Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial market entry and technology development.
Total Amount Raised: $33M + £11.7M (approx. $15.2M) = $48.2M
Current Valuation: Not publicly disclosed
Key Investors
- Morgan Stanley Expansion Capital
- Details: Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. It targets late-stage growth equity and credit investments in high-growth sectors.
- Investment Focus Areas: Consumer, technology, healthcare, other high-growth sectors.
- Notable Investments: Over 200 companies (specific companies not listed).
- Fortive
- Details: Fortive is a diversified industrial technology conglomerate listed on the New York Stock Exchange under the ticker FTV. It focuses on essential technology solutions for the connected world.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Datamaran (specific other investments not listed).
- Run Capital Investment Fund
- Details: Run Capital Investment Fund is an investment firm that participated in Datamaran's venture round. Specific details about the firm are not provided.
- Investment Focus Areas: Not explicitly mentioned.
- Notable Investments: Not explicitly mentioned.
- American Electric Power
- Details: American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. The company focuses on providing reliable, affordable energy.
- Investment Focus Areas: Energy, utilities, infrastructure.
- Notable Investments: Not explicitly mentioned.
What's Next for Datamaran?
Datamaran is poised to capitalize on significant opportunities, particularly in the U.S. market and through advancements in generative AI. With $33 million in Series-C financing, the company aims to expand its client base, especially among Fortune 500 companies, and enhance its ESG governance and risk solutions to meet increasing reporting requirements.
Future fundraising opportunities appear promising as Datamaran continues to demonstrate growth and innovation in ESG solutions. The involvement of high-profile investors like Morgan Stanley Expansion Capital suggests potential for additional funding rounds and strategic acquisitions to further bolster its technological capabilities and market reach.
However, Datamaran may face challenges such as keeping up with the rapidly changing ESG regulatory landscape and ensuring its platform remains at the forefront of AI and technological innovation. Competing with other ESG software providers in a growing market will also be a critical hurdle to overcome.
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