Measurabl
“Can the ESG data layer for real estate become the indispensable underwriting substrate for sustainable finance?”
Founded2013
HQSan Diego, California, United States
FoundersMatt Ellis, Lance Onken
Total raised$172.6M
Latest roundSeries D, 2023
IndustryVertical SaaS / Real Estate (ESG)
The story
Founded 2013 as an ESG data platform for commercial real estate, Measurabl transitioned to SaaS in 2018 and expanded internationally in 2019. The company scaled through acquisitions (Hatch Data, WegoWise in 2022) and launched Capital Markets Solutions to serve lenders and investors. The 2024 Quantum Cloud release marks its evolution from an ESG reporting tool into an authoritative data infrastructure layer for real estate sustainability underwriting.
Product timeline
2013
Company founded in San Diego by Matt Ellis and Lance Onken· founding
2016
Launched USync utility data collection service· product
2018
Launched SaaS business model· pivot
2019
Expanded to Europe· expansion
2020
Launched Physical Climate Risk (PCRX)· product
2022
Launched Capital Markets Solutions and Data Collection Assist· product
2022
Acquired Hatch Data· acquisition
2022
Acquired WegoWise· acquisition
2023
Closed $93M Series D led by Energy Impact Partners and Sway Ventures· funding
2024
Launched next-generation platform and Quantum Cloud· product
2026
Strategic partnership with Inveniam for verifiable sustainability data· partnership
Acquisitions
The stack
1 layer disclosed in Measurabl’s embedded-finance stack
Payments / PSP
Accounting gap: none