Measurabl managed to raise money despite the venture capital market being largely frozen for technology entrepreneurs.
San Diego startup Measurabl, which makes software to help measure and manage the carbon footprint of properties, has landed $93 million in a fourth round of venture capital.
Measurabl bucked the trend by corralling a sizable stable of more than 1,000 customers using its subscription software targeting Environmental, Social and Governance impacts of buildings. They include Real Estate Investment Trusts, insurance companies, private equity investors, large tech tenants and even Major League Baseball.“You do not manage if you do not measure,” said Matt Ellis, founder and chief executive of Measurabl.
Measurabl’s goal is to make sustainability a financial metric for buying, leasing, financing and insuring properties, said Ellis. Ellis saw this firsthand as director of sustainability solutions at CB Richard Ellis before starting Measurabl in 2013.
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