Evora's global ambitions get equity boost
Real estate consultant and proptech firm Evora is set to go global, following a new round of investment.
Bridges Fund Management, a specialist sustainable and impact investor, led a new round of funding for the UK consultancy, bringing in new investors MSCI and Farview Equity. Bridges, MSCI and Farview will each take a seat on the Evora board.
Founded in 2011, Evora helps real estate companies with their ESG strategies, sustainable finance and climate risk management and disclosure, both through advisory services and use of Siera, its proprietary software which holds ESG data for 8,000 major buildings globally.
The new capital will enable Evora to expand its offering to support clients globally, while further developing its tech platform. It has grown rapidly in the past two years, growing staff to 200, from 65.
Co-founder Chris Bennett said: “When we founded this business over a decade ago, people didn’t want to talk about climate risk or sustainability. It was a real battle to even get a meeting. Now, we are experiencing huge demand for our services globally as the world has woken up to the risks of climate change.
“Our client base is made up of leading asset managers and owners, and they have been asking us to support them globally. This funding enhances our ability to support them and to improve our technology and advisory services globally.”