Venture Capital: Deepki, Which Provides ESG Intelligence For Real Estate, Raises $166M
No valuation was disclosed for the Series C funding round.
Deepki, a French startup, offers a SaaS platform that helps real estate investors, owners and managers improve the ESG performance of their real estate assets and in the process, enhance their value. Claimed to be the only such ESG intelligence company in the world with a focus on real estate, Deepki collected €150 million in a Series C round of funding that was co-led by One Peak and Highland Europe, two London-based VC firms specializing in European investments. Bpifrance, Revaia, Hi Inov and Statkraft Ventures also participated in the funding.(CISION PR Newswire)
Deepki: Use of funds
The startup will utilize the funds to expand further in Europe, grow its workforce by 200 new persons, and launch into the US.
Strategic acquisitions are also not ruled out.
Lucrative opportunity beckons
Commenting on the new funding, Vincent Bryant (CEO) and Emmanuel Blanchet (COO) co-founders of Deepki, said: “More than $5 trillion of investment is needed each year to decarbonize the built environment and ensure the real estate sector can meet its commitment to meet the net zero target by 2050. The value of the monitoring and analytics market required to achieve this goal is likely to be worth $5 to $10 billion by 2025, with year-on-year growth of 20%. Today’s announcement means that we are in an even stronger position to take advantage of this huge opportunity.”
Jean Tardy-Joubert, Partner at Highland Europe, and Humbert de Liedekerke Beaufort, Managing Partner at One Peak, commented: “The real estate sector is currently responsible for 40% of the Earth’s carbon emissions, and Deepki provides a way for building owners, managers and tenants to measure and therefore neutralize the carbon impact of their assets. For one of the world’s oldest and most important industries, Deepki is providing an important first step on the journey to achieving the real estate’s Net Zero goals.”
Related Story: BNP Paribas Launches ETFs Targeting Hydrogen And Sustainable Real Estate
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