Total amount raised
$172.6 Million
Latest funding date
05/01/2023
Location
Measurabl has successfully completed 7 funding rounds, attracting investments from notable firms such as Concrete Venture Capital, RET Ventures, Energy Impact Partners, and Sway Ventures. The latest funding round is a Series D, underscoring the company's continued growth and investor confidence.
As a leading ESG platform for real estate, Measurabl offers a suite of tools designed to quantify and enhance sustainability efforts across the industry. Keep reading to explore the intricacies of Measurabl's fundraising journey and the investors backing this innovative platform.
What Is Measurabl?
Measurabl, based in San Diego, California, is a private company specializing in ESG data management for commercial real estate. The company operates in various industries, including Big Data, Business Intelligence, Commercial Real Estate, Data Management, and Software. With an employee count ranging from 101 to 250, Measurabl has established itself as a significant player in the sustainability sector.
Founded to provide actionable sustainability data, Measurabl offers a comprehensive platform that helps real estate owners, operators, and investors manage and optimize their building performance data. The company's tools are designed to centralize performance data, protect its integrity, and facilitate meaningful action, making it a leader in the ESG space for real estate.
How Much Funding Has Measurabl Raised?
- Series D
- Amount Raised: USD 93,000,000
- 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 to new geographies, and provide investment-grade data for the real estate industry.
- Series C
- Amount Raised: USD 50,000,000
- Date: September 2021
- Lead Investors: Energy Impact Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: USD 18,293,616
- Date: January 2019
- Lead Investors: Sway Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve data management tools.
- Series A
- Amount Raised: USD 7,000,000
- Date: April 2018
- Lead Investors: Camber Creek
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new features and enhance the platform's functionality.
- Seed
- Amount Raised: USD 2,266,390
- Date: April 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the initial platform and attract early customers.
- Seed
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and market entry.
- Seed
- Amount Raised: USD 2,049,999
- Date: October 2014
- Lead Investors: Crosscut Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and develop the initial product.
Total Amount Raised: USD 172,610,005. Current Valuation: Not publicly disclosed.
Key Investors
- Energy Impact Partners
- Details: Energy Impact Partners is a global investment firm focused on sustainable energy and technology. They co-led Measurabl's Series D funding round.
- Investment Focus Areas: Sustainable energy, technology, infrastructure.
- Notable Investments: Measurabl, Arcadia, Stem.
- 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: Technology, software, fintech.
- Notable Investments: Measurabl, Tally, Addepar.
- Camber Creek
- Details: Camber Creek is a venture capital firm that focuses on real estate technology. They participated in Measurabl's Series A funding round.
- Investment Focus Areas: Real estate technology, property management, construction tech.
- Notable Investments: Measurabl, Latch, VTS.
- Crosscut Ventures
- Details: Crosscut Ventures is a venture capital firm that invests in early-stage technology companies. They participated in Measurabl's seed funding round.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Measurabl, Factual, The Black Tux.
- Moderne Ventures
- Details: Moderne Ventures is a venture capital firm that invests in technology companies within real estate, finance, insurance, and home services. They participated in Measurabl's Series D funding round.
- Investment Focus Areas: Real estate, finance, insurance, home services.
- Notable Investments: Measurabl, Better, Hippo.
What's Next for Measurabl?
Measurabl stands at the forefront of a burgeoning market for ESG technologies, with opportunities to enhance its platform and expand into new geographies. The company’s tools are already used by 37% of top asset managers, managing $2 trillion worth of properties. This positions Measurabl to capitalize on the growing demand for investment-grade ESG data in the real estate industry.
Future fundraising opportunities appear promising, given the significant venture capital interest in sustainability startups. With $172.6 million already raised, Measurabl is well-positioned to attract further investment to support its ambitious growth plans. However, the company may face challenges such as political pressures against corporate sustainability efforts and the need to maintain transparency to combat greenwashing.
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