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Real estate ESG platform nets €150 million in funding

30th March 2022

Deepki has announced €150 million ($166 million) of Series C funding from a number of European venture capital sources. The company said this was the largest ever fund-raising for a climate tech software as a service (SaaS) platform. 

Founded in 2014, Deepki’s platform is designed to help real estate investors, owners and managers improve the ESG performance of their assets. The firm has five offices in Europe and 150 staff. Clients include AEW, Generali Real Estate, Allianz Real Estate and Warburg HIH.

Deepki said the new funding would help secure over 200 new hires in 2022, establish and grow the business in the US within the next 12 months and carry out strategic acquisitions. Lead funding came from UK growth equity firms One Peak and Highland Europe, while other investors included France's Bpifrance and Revaia, as well as existing investors Hi Inov and Statkraft Ventures.

Vincent Bryant, CEO and co-founder, said: “The global real estate sector needs to act now if it is to halve its emissions by 2030 and meet the net zero target by 2050. This represents a huge market opportunity for Deepki. Today’s new funding announcement means that Deepki can make a greater impact and support even more asset owners in taking on the climate change challenge.”

Emmanuel Blanchet, COO and co-founder, said: “Commercial real estate with poor ESG performance is already being affected by brown discounting and greater focus is being placed on properties which can adapt to more stringent requirements in terms of carbon emissions. As a result, we are seeing rapidly growing demand for our technology. The new investment means that we can take it to new markets and support the real estate sector as it plays its part in tackling climate change.”

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