Photo courtesy of Measurabl.
Measurabl’s offices are located in downtown San Diego’s 707 Building .

Photo courtesy of Measurabl. Measurabl’s offices are located in downtown San Diego’s 707 Building .

San Diego startup Measurabl announced Sept. 14, it had closed a $50 million Series C funding round. The new funds will accelerate the expansion of the company’s platform and support the launch of new services to “meet rapidly growing global demand” for sustainability and decarbonization tools, according to CEO Matt Ellis.

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Matt Ellis  CEO/Founder  Measurabl

Measurabl currently has 115 employees. Ellis said the company is looking to scale to 200 by the end of Q1 2022.  


“The ESG era is here,” Ellis said. “The potential to decarbonize the world’s largest asset class is an imperative that relies on making accurate ESG data readily available. When we accomplish this, every real estate transaction—from buying individual buildings to securitizing loans backed by hundreds of assets—can be sustainable, with profound benefits for business and society.”

 
Widely Adopted


Ellis said Measurabl is the most widely adopted ESG (environmental, social, governance) data management tool used in commercial real estate today. Owners of more than 11 billion square feet of commercial real estate across 80 countries use the company’s platform, he said.  


Measurabl’s platform helps companies measure, manage and disclose ESG performance, assess exposure to physical climate risk and act on decarbonization and sustainable finance opportunities.

 
The funding round was led by Energy Impact Partners. Repeat investors included S&P Global, Salesforce Ventures, Sway Ventures, Constellation Technology Ventures and Building Ventures.

 
New Investors


New investors included an affiliate of Starwood Capital Group, a global private investment firm focused on real estate, two of the world’s top real estate services companies Colliers and Cushman & Wakefield, national real estate platform Lincoln Property Company, and individuals from Stone Point Capital, a private equity firm that focuses on the financial services industry.


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Lindsay Luger  Partner  Energy Impact Partners

“It is clear to us that ESG measurement is rapidly becoming table stakes for the built environment not just because the energy transition is important, but because ESG actions drive material asset value appreciation,” said Lindsay Luger, partner at Energy Impact Partners.

 
ESG has been building momentum for years but Ellis said most real estate owners are just beginning to integrate sustainability into their business.  


Previously director of sustainability solutions at CBRE, Ellis founded Measurabl in 2013, making the company a first mover in ESG software for real estate.  


The company now counts among its subscribers a large number of U.S. public REITs as well as a stable of global real estate asset managers representing a combined $2 trillion in gross asset value. Measurabl clients also include corporations with significant real estate footprints.

 
In a 2021 survey of CRE professionals, the majority (81%) agreed ESG is crucial for driving important business decisions. But only 63% said they are “moderately-to-significantly confident” they are currently able to gather the amount and quality of data required to do so.


Measurabl
Founded: 2013
CEO: Matt Ellis
Employees: 115
Headquarters: San Diego  
Website: 
www.measurabl.com
Contact: (619) 719-1716
Notable: Climate risk data from Measurabl allows real estate professionals to assess their potential exposure to asset damage