Commercial real estate-focused ESG data management solution provider Measurabl announced today that it has raised $50 million in a Series C funding round, led by energy transition-focused investment firm Energy Impact Partners.

According to Measurabl, proceeds from the financing will go towards accelerating the expansion of the company’s platform and supporting the launch of new services to meet rapidly growing global demand for sustainability and decarbonization tools.

Matt Ellis, Founder and CEO of Measurabl, said:

“The ESG Era is here. 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.”

Ellis founded Measurabl in 2013, aiming to make the company a first mover in ESG software for real estate. The company’s subscribers currently encompass US public REITs and global real estate asset managers representing a combined $2 trillion in gross asset value.

Repeat investors in the financing round included S&P Global, Salesforce Ventures, Sway Ventures, Constellation Technology Ventures, and Building Ventures. New investors included an affiliate of Starwood Capital Group, Colliers, Cushman & Wakefield, Lincoln Property Company, and individuals from private equity firm Stone Point Capital.

Lindsay Luger, Partner at Energy Impact Partners, said:

“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. Measurabl has built the preeminent ESG data management solution for the real estate industry and we are excited to help fuel their expansion into new markets and geographies.”