Datamaran, a London, UK- and NYC-based provider of a software analytics platform that identifies and monitors external risks, including ESG, raised $33m in Series C financing.
The round was led by investment funds managed by Morgan Stanley Expansion Capital.
The company intends to use the funds to accelerate growth in the U.S and Europe and further advance initiatives in generative AI.
Led by Marjella Lecourt-Alma, CEO and Co-founder, Datamaran provides a software analytics platform that identifies and monitors external risks, including ESG. Its patented technology offers real-time analytics on strategic, regulatory, and reputational risks, specific to your business and value chain.
In the 18 months since its last funding round, Datamaran has more than doubled its subscription revenue, accelerated by the demand for its ESG governance and risk solutions from C-Suite executives. The platform allows its nearly 200 clients, including Dell, Cisco, AB InBev, Deloitte, and Pepsico, as well as organizations such as the European Financial Advisory Reporting Group (EFRAG), to prepare for and comply with the more than 4,000 ESG regulations and standards globally. In addition, its database of 9,000 companies lets customers benchmark themselves, set targets, and achieve the best outcomes to drive efficiency and profitability.
FinSMEs
19/09/2024