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- Measurabl
Measurabl Valuation, Funding & Investors
Measurabl is valued at $433M as of May 2023.
Last Measurabl valuation
$433M
Series D · May 2023
Last Measurabl funding round
$93M
Series D · May 2023
Cumulative funding Measurabl raised
$173M
across 6 funding rounds
Key investors in Measurabl
Sway Ventures
Building Ventures
Salesforce Ventures
Impact Engine
Energy Impact Partners
Camber Creek
About Measurabl
Measurabl is a San Diego-headquartered SaaS provider specializing in ESG data management for commercial real estate portfolios worldwide. The platform automates collection of utility, waste, and water data from over 12,000 properties, enabling owners to generate GRESB reports, SFI disclosures, and climate risk assessments. Clients including Prologis, Hines, and Oxford Properties leverage its integrations with Yardi Voyager and RealPage for decarbonization strategies and sustainable financing. Founded in 2014, Measurabl processes billions of data points annually to benchmark performance against industry peers across North America, Europe, and Asia.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$433M (May 2023)
Measurabl Valuation
Measurabl is currently valued at $433M, based on its Series D in May 2023.
The $93M round was led by Energy Impact Partners and Sway Ventures.
Measurabl's valuation has grown 7.2x from $60M at its Series B in January 2019 to $433M in May 2023, across 2 priced rounds.
Measurabl valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Series D | $433M |
| Jan 2019 | Series B | $60M |
Measurabl Funding History
Measurabl has raised a total of $173M across 6 funding rounds.
Measurabl's first fundraising round was a $2M seed round in October 2014. The most recent completed round was a $93M Series D in May 2023.
Measurabl funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series D | Energy Impact Partners (lead); Sway Ventures (lead) | $93M | $433M | Measurabl is a San Diego-based ESG technology platform founded in 2013 that provides software solutions for measuring and managing the carbon footprint of real estate properties, enabling decarbonization, ESG data management, and reporting to mitigate climate risk and improve access to capital. The platform covers over 16 billion square feet of real estate across 93 countries, representing more than $2 trillion in asset value, and gained a competitive edge through the 2022 acquisition of WegoWise, adding proprietary utility data automation capabilities, as well as Hatch Data for smart building decarbonization. On May 31, 2023, Measurabl closed an oversubscribed $93 million Series D funding round co-led by Energy Impact Partners and Sway Ventures, with participation from Moderne Ventures, WVV, Suffolk Technologies, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers, and Lincoln Property Company. This round brought the company's total funding to over $170 million, following a $50 million Series C in 2021. Proceeds from the $93 million raise are designated for enhancing ESG technologies, international expansion to new geographies, forming global partnerships, and delivering investment-grade data to support the real estate industry's transition to sustainability. CEO Matt Ellis emphasized the role of objective measurement against greenwashing, while Sway Ventures' Brian Nugent highlighted the platform's importance for large real estate operators streamlining ESG operations in a data-driven market. The funding underscores investor confidence in Measurabl's position in the growing proptech and ESG sectors, positioning it to capitalize on regulatory and market demands for sustainable real estate practices. |
| Sep 2021 | Series C | Energy Impact Partners (lead); Salesforce Ventures; S&P Global; Building Ventures; LPC Ventures; Colliers International; Cushman & Wakefield; Starwood Capital Group; Constellation Technology Ventures; Sway Ventures | $50M | - | Measurabl, Inc. is the world’s most widely adopted ESG technology platform for real estate, helping companies measure, manage, and disclose ESG performance, assess physical climate risk exposure, and pursue decarbonization and sustainable finance opportunities. On September 14, 2021, it closed a $50 million Series C funding round led by Energy Impact Partners, with participation from repeat investors S&P Global, Salesforce Ventures, Sway Ventures, Constellation Technology Ventures, and Building Ventures, plus new investors including an affiliate of Starwood Capital Group, Colliers International, Cushman & Wakefield, Lincoln Property Company (LPC Ventures), and individuals from Stone Point Capital. The funds were earmarked to accelerate platform expansion, launch new services for regulatory compliance, decarbonization, climate and transition risk, health and well-being, and capital markets, amid growing global demand for sustainability tools in real estate. Post-Series C, Measurabl continued growth, raising a $93 million oversubscribed Series D in May 2023 co-led by Energy Impact Partners and Sway Ventures, with some overlapping investors like Salesforce Ventures and Building Ventures, plus new ones including Moderne Ventures, Broadscale, and RET Ventures; this funded further ESG tech enhancements, international expansion into Asia-Pacific, and acquisitions like WegoWise and Hatch Data to consolidate tools into an all-in-one platform. |
| Jan 2019 | Series B | Sway Ventures (lead); Salesforce Ventures; Camber Creek; Exelon; S&P Global; Building Ventures; Concrete Venture Capital; Constellation Technology Ventures; Impact Engine; DivcoWest | $18M | $60M | Measurabl is a San Diego-based ESG technology platform for commercial real estate that helps organizations measure, manage, and report environmental, social, and governance performance. The company provides software solutions enabling real estate companies to access investment-grade ESG data for decarbonization planning, sustainability reporting, and capital allocation decisions. By January 2019, Measurabl's platform covered more than 30,000 commercial buildings representing nearly 7 billion square feet across 70 countries, including office, industrial, retail, data center, sports venue, education, and government facilities. In Series B funding announced January 16, 2019, Measurabl closed $18.7 million in venture capital led by Sway Ventures, with participation from repeat investors Salesforce Ventures, Camber Creek (Series A lead), Building Ventures, Concrete Ventures, Impact Engine, and DivcoWest, along with major new investors Constellation Technology Ventures (Exelon's venture arm) and S&P Global. The round proceeds were allocated toward product R&D, customer service expansion, and geographic expansion into Asia while growing European and North American operations. The post-money valuation for this Series B round was not publicly disclosed by the company or investors. By May 2023, the company had raised a $93 million Series D round co-led by Energy Impact Partners and Sway Ventures, bringing total capital raised to $172.6 million. |
| Apr 2018 | Series A | Camber Creek (lead); Salesforce Ventures; Building Ventures; Concrete Venture Capital; Borealis Ventures; Impact Engine; Sway Ventures; DivcoWest | $7M | - | Measurabl raised $7 million in its Series A funding round on April 16, 2018, led by Camber Creek with participation from Borealis Ventures, Building Ventures, Concrete Venture Capital, DivcoWest, Impact Engine, Salesforce Ventures, and Sway Ventures. The company provides the world’s most widely adopted software platform for sustainability data management, benchmarking, and reporting in the real estate sector. At the time, over 26,000 commercial buildings representing more than 5 billion square feet across 67 countries used Measurabl to benchmark sustainability performance, covering offices, industrial buildings, sporting venues, universities, data centers, and malls. The funding supported development of new features and enhancement of the platform's functionality. Measurabl fills a critical gap in the multi-trillion dollar real estate industry by enabling property investors, owners, and managers to understand building operations, make investment decisions, and comply with investor and regulatory reporting requirements. Boston Properties, a major user, relied on Measurabl for efficient collection, review, and disclosure of high-quality performance data across its portfolio, ranking in the top 5% worldwide in GRESB. |
| Apr 2017 | Seed | Building Ventures; Impact Engine | $2M | - | - |
| Oct 2014 | Seed | Crosscut Ventures (lead); Ray Wirta; Archangel; Bill Budinger | $2M | - | - |
Who has invested in Measurabl?
20 investors have backed Measurabl across its funding rounds, including Sway Ventures, Building Ventures, Salesforce Ventures, Impact Engine, Energy Impact Partners and Camber Creek.
Lead investors include Energy Impact Partners, Sway Ventures, Camber Creek and Crosscut Ventures.
Measurabl Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Apr 2017 | ||
| 4 | Lead | Apr 2018 | ||
| 3 | Participant | Apr 2018 | ||
| 3 | Participant | Apr 2017 | ||
| 2 | Lead | Apr 2018 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Participant | Apr 2018 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Participant | Apr 2018 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | Oct 2014 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 20 Measurabl investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Measurabl
Measurabl has acquired 2 companies to date.
Last acquisition by Measurabl was on September 1st 2022. Measurabl acquired WegoWise for undisclosed valuation.
Latest Acquisitions by Measurabl
| Description | WegoWise is a Boston-based analytics platform for building energy and water performance. It processes utility data to benchmark efficiency, track trends, and pinpoint savings for owners, managers, auditors, and programs. The tool highlights cost disparities between efficient and inefficient structures. | Hatch Data is a software provider developing performance management tools for commercial real estate buildings. Its platform automates utilities expense tracking, energy efficiency programs, and sustainability reporting to enhance collaboration among property owners, managers, and engineers. Based in Boston, the company integrates with building management systems to deliver real-time dashboards and audit-ready compliance data for portfolios exceeding 100 million square feet nationwide. |
| HQ Country | ||
| HQ City | Boston, MA | San Francisco, CA |
| Deal Date | 1 Sep 2022 | 21 Apr 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Measurabl acquisitions and their M&A valuation multiples. Start Free Trial | ||
Measurabl Competitors
Measurabl competitors include listed companies like Real Brokerage and Eleco, and private ones like Casavo, Hover, DoorLoop and PermitFlow.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $38M | - | $460M | 12.1x | ||
| Private | $70M | - | $490M | 7.0x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $2B | ($6M) | $638M | 0.2x | ||
| Publicly listed | $52M | $9M | $257M | 4.5x |
Measurabl Public Comps
Measurabl is still privately-owned, but its public comps include Eleco, Ming Yuan Cloud Group, Real Brokerage, SmartRent, Real Matters, Aurum Proptech, CCReB Advisors, Propdo, RESAAS and PEXA Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $52M | $9M | 4.6x | 4.5x | 25.8x | 16.8x | |||
| $191M | ($7M) | - | - | - | - | |||
| $2B | ($6M) | 0.3x | 0.2x | (87.2x) | 6.6x | |||
| $152M | ($56M) | 0.9x | 0.9x | (2.4x) | (54.1x) | |||
| $170M | ($3M) | 0.9x | 3.0x | (46.9x) | 84.9x | |||
| $40M | $11M | 4.7x | 3.3x | 16.9x | - | |||
| $16M | $4M | 8.8x | 3.1x | 35.0x | 18.7x | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Measurabl competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Measurabl
| When was Measurabl founded? | Measurabl was founded in 2013. |
| Where is Measurabl headquartered? | Measurabl is headquartered in San Diego, CA, United States. |
| Is Measurabl publicly listed? | No, Measurabl is a private, VC-backed company. |
| What is Measurabl's valuation? | Measurabl was last valued at $433M in its Series D in May 2023. |
| How much funding has Measurabl raised? | Measurabl has raised $173M across 6 funding rounds. |
| What was Measurabl's last funding round? | Measurabl's last funding round was a $93M Series D in May 2023, led by Energy Impact Partners and Sway Ventures. |
| Who are Measurabl's investors? | Measurabl's investors include Building Ventures, Sway Ventures, Salesforce Ventures, Impact Engine, Camber Creek, S&P Global, Concrete Venture Capital, Energy Impact Partners, Constellation Technology Ventures, DivcoWest and 10 others. |
| Which companies are comparable to Measurabl? | Companies comparable to Measurabl include Casavo, Hover, DoorLoop, PermitFlow, Real Brokerage and Eleco. |
| How many companies has Measurabl acquired? | Measurabl has acquired 2 companies, including WegoWise and Hatch Data. |
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