Based in London Datamaranoan ESG risk management software The platform announced that it has raised $33 million (approximately €29.52 million) in a Series C funding round.
The funds will support the company’s expansion in the U.S. and Europe and advance its generative AI initiatives.
Previously, in September 2022, the UK-based company raised £11.7 million in its Series B round, led by US-based Fortive, with participation from American Electric Power, both long-standing partners and customers.
Investor backing Datamaran
The investment came from Morgan Stanley Expansion Capital, a growth-focused private investment platform of Morgan Stanley Investment Management. It targets late-growth equity and credit investments in high-growth sectors such as consumer goods, technology and healthcare.
Over the past 30 years, the firm has invested in more than 200 companies, leveraging Morgan Stanley’s brand and global network.
Lincoln Isetta, MD of Morgan Stanley Expansion Capital, says: “Datamaran has demonstrated impressive growth and capital efficiency since we first met them more than two years ago.”
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“They are a market leader in providing technologies that enable companies to integrate ESG into their business practices, which is becoming increasingly important as customers, stakeholders and regulators demand ever greater accountability from global enterprises.riseS.”
“We are excited to partner with Marjella and her team to support Datamaran’s next phase of growth as we further penetrate the U.S. market and seek to add additional Fortune 500 companies to an already impressive customer list.”
Providing companies with the tools to navigate the complex ESG landscape
Founded in 2014 by Marjella Lecourt-Alma, Jérôme Basdevant and Jean-Philippe Lecourt, Datamaran is a software analytics platform for identifying and monitoring external risks, including ESG.
Trusted by blue-chip companies and recognized by European regulator EFRAG, Datamaran enables data-driven materiality analysis and in-house risk monitoring. Its technology provides real-time insights into strategic, regulatory and reputational risks tailored to companies and their value chains.
Over the past 18 months, Datamaran says it has doubled subscription revenue driven by growing demand from C-Suite executives for its ESG governance and risk solutions. The platform enables clients to monitor more than 400 external risk factors, turning ESG compliance into a value driver.
Co-founder Lecourt-Alma says: “As a 10-year-old company, we are pioneers in strategic ESG and this investment will allow us to remain at the forefront of AI-driven innovation. software to meet the growing needs of our clients.”
“With the number of ESG reporting requirements increasing exponentially, there is a clear incentive for companies to double down on ESG governance and understand their material risks and opportunities.”
Datamaran’s platform helps nearly 200 clients, including Dell, Cisco, AB InBev, Deloitte and Pepsico, as well as organizations like EFRAG, navigate more than 4,000 global ESG regulations. Its database of 9,000 companies enables clients to benchmark, set goals and drive efficiency and profitability.
With regulations such as the EU Corporate Sustainability Reporting Directive requiring executive ownership and board oversight of ESG issues, Datamaran’s platform helps customers ensure accountability and maintain agility in the ever-changing ESG landscape.
