US-based real estate software developer Measurabl completed an $18.7m series B round today that included energy company Exelon, ratings agency S&P Global and real estate developers Berman Enterprises and DivcoWest.
Venture capital firm Sway Ventures led the round, which also featured Building Ventures, Concrete Ventures and Impact Engine, while Berman and Exelon invested through representatives Camber Creek and Constellation Energy Technology Ventures respectively.
Founded in 2013, Measurabl has created a platform used by commercial real estate developers to track and manage their environmental, social and governance data. The capital will fund the research and development on its product and its entry into Asia.
Camber Creek partner Jake Fingert said: “Camber Creek invests in companies that are creating meaningful disruption in the real estate industry. Measurabl is at the forefront of this transformation.
“Their recent progress and vision for the future is charting a new course for the industry where the real estate market and corporations can easily access accurate and important data to inform transactions and decisions.”
Camber Creek led the company’s $7m series A round in April 2018 that included Salesforce Ventures, the corporate venturing arm of enterprise software provider Salesforce, as well as DivcoWest, Sway Ventures, Concrete, Borealis Ventures and Impact Engine.
Measurabl had previously raised $2.3m in April 2017, according to a securities filing that showed the capital could include the equity conversion of $675,000 in convertible debt financing. CrossCut Ventures had led the company’s $2.3m seed round in 2015.