Total amount raised
$172.6 Millions
Latest funding date
05/01/2023
Location
Measurabl has successfully raised significant funding over multiple rounds, with its latest being a Series D. The company offers an ESG data management platform tailored for the commercial real estate industry, helping stakeholders optimize performance and secure sustainable finance opportunities.
With a diverse group of 26 investors backing its mission, Measurabl continues to drive innovation in the ESG space. Keep reading to explore the intricacies of Measurabl's fundraising journey and the investors supporting this impactful platform.
What Is Measurabl?
Measurabl, founded on April 1, 2013, by Lance Onken and Matt Ellis, is headquartered in San Diego, California. The company operates within the big data, business intelligence, commercial real estate, data management, and software industries. It employs between 101 and 250 people.
Specializing in ESG data management for commercial real estate, Measurabl's platform helps clients optimize ESG performance, assess climate risk, drive decarbonization, and secure sustainable finance opportunities. The company serves over 1000 clients globally, managing billions of square feet of real estate.
How Much Funding Has Measurabl Raised?
- Seed Round
- Amount Raised: $2M
- Date: October 2014
- Lead Investors: Crosscut Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of their ESG data management platform.
- Seed Round
- Amount Raised: $2.3M
- Date: April 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and support early customer acquisition.
- Series A
- Amount Raised: $7M
- Date: April 2018
- Lead Investors: Camber Creek
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve the platform's data management capabilities.
- Series B
- Amount Raised: $18.3M
- Date: January 2019
- Lead Investors: Sway Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive international expansion and enhance product features.
- Series C
- Amount Raised: $50M
- Date: September 2021
- Lead Investors: Energy Impact Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $93M
- Date: May 2023
- Lead Investors: Energy Impact Partners, Sway Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance ESG technologies, expand globally, and provide investment-grade data for sustainable real estate transitions.
Measurabl has raised a total of $172.6M. The current valuation is Not publicly disclosed.
Key Investors
- Energy Impact Partners
- Details: Energy Impact Partners is a venture capital firm focused on sustainable energy and technology. They co-led Measurabl's Series D funding round.
- Investment Focus Areas: Sustainable energy, technology, decarbonization.
- Notable Investments: Arcadia, AutoGrid, Opus One Solutions.
- Sway Ventures
- Details: Sway Ventures is a venture capital firm that invests in early to mid-stage technology companies. They co-led Measurabl's Series D funding round.
- Investment Focus Areas: Software, hardware, fintech.
- Notable Investments: Tally, Addepar, Glint.
- Camber Creek
- Details: Camber Creek is a venture capital firm that invests in real estate technology companies. They participated in multiple funding rounds for Measurabl.
- Investment Focus Areas: Real estate technology, property management, transaction technology.
- Notable Investments: Latch, VTS, Measurabl.
- Crosscut Ventures
- Details: Crosscut Ventures is a venture capital firm that invests in early-stage technology companies. They led Measurabl's initial seed round.
- Investment Focus Areas: Consumer internet, enterprise software, digital media.
- Notable Investments: Factual, GumGum, The Black Tux.
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. They participated in Measurabl's Series D funding round.
- Investment Focus Areas: Enterprise cloud, SaaS, AI.
- Notable Investments: Not publicly disclosed.
What's Next for Measurabl?
Measurabl stands at the cusp of significant opportunities, driven by its recent $93 million Series D funding. The company is poised to enhance its market-leading ESG technologies and expand into new geographies, capitalizing on the growing demand for sustainable real estate practices. With 40% of global real estate asset managers already using its platform, the potential for growth is immense.
Future fundraising opportunities appear promising, given the strong interest in ESG investments and the company's robust growth trajectory. Measurabl's ability to provide investment-grade data for sustainable real estate transitions positions it well for attracting further venture capital. However, challenges such as political headwinds and the need to maintain data accuracy could pose hurdles. Navigating these obstacles will be crucial for Measurabl's continued success and expansion.
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