Camber Creek, the corporate venture capital vehicle for real estate Berman Enterprises, has led a $7m series A round for Measurabl, the US-based creator of software that tracks building sustainability.
Salesforce Ventures, the corporate venturing arm of enterprise software provider Salesforce, also invested in the round, as did real estate asset manager DivcoWest, Sway Ventures and Concrete as well as existing backers Borealis Ventures and Impact Engine.
Measurabl’s platform enables managers of a wide range of commercial buildings including offices, factories, shopping centres, sporting venues, universities and data centres to track their energy sustainability performance and compare it to that of a 26,000-strong network.
The company closed a $2.3m seed round led by CrossCut Ventures in 2015, and added $2.3m in April 2017 according to a securities filing indicating that the sum could include the equity conversion of $675,000 in convertible debt financing.