Total amount raised
$12.8 Millions
Latest funding date
Location
Title
Scaler has successfully raised $10 million in a Series A funding round, attracting investment from notable firms like Base10 Partners and Plural. The platform is designed to streamline ESG data management for real estate managers, offering tools for performance monitoring, compliance, and sustainability roadmaps.
Keep reading to explore the intricacies of Scaler's fundraising journey and the investors backing this innovative platform.
What Is Scaler?
Founded in 2022, Scaler is based in Brooklyn, New York. The company was established by Luc Van De Boom and Zlatan Menkovic.
Scaler specializes in providing ESG data tools for real estate managers, helping them comply with regulations and improve sustainability. Their platform offers solutions like SFDR compliance, GRESB analytics, and automated data management.
With a team of 11-50 employees, Scaler leverages technology to address complex challenges in the real estate industry, aiming to simplify ESG processes and empower managers to achieve ambitious sustainability goals.
How Much Funding Has Scaler Raised?
- Seed Round
- Amount Raised: $2.8M
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the ESG data platform and validate the market need.
- Series A
- Amount Raised: $10M
- Date: July 2024
- Lead Investors: Plural
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product, expand the engineering team, and grow into new markets beyond Europe.
Scaler has raised a total of $12.8M in funding. The current valuation is not publicly disclosed.
Key Investors
- Base10 Partners
- Details: Base10 Partners is a venture capital firm that invests in early-stage technology companies. They aim to support companies that leverage automation and AI to solve complex problems.
- Investment Focus Areas: Automation, logistics, AI, machine learning.
- Notable Investments: The Pill Club, Figma, Notion.
- Plural
- Details: Plural is an early-stage investment fund that backs ambitious founders aiming to change the world through technology. They are based in Tallinn, Estonia, and London, UK.
- Investment Focus Areas: Technology-driven companies, systemic risk reduction, high-impact ventures.
- Notable Investments: Hopin, Revolut, TransferWise.
What's Next for Scaler?
Scaler's future is brimming with opportunities. The company is poised to expand its market reach beyond Europe, tapping into the vast potential of the US and APAC regions. With the real estate industry contributing nearly 40% of global emissions, Scaler's platform offers a significant opportunity to help investors and asset managers meet Net Zero targets by 2050. The platform's ability to provide granular data and insights for retrofitting and renewable energy solutions positions it as a game-changer in the industry.
As Scaler continues to grow, future fundraising rounds seem inevitable. The successful Series A funding round, led by Plural, indicates strong investor confidence. However, the path ahead is not without challenges. The complexity of decarbonizing the real estate sector, coupled with the need to adapt to diverse regulatory requirements in new markets, will test Scaler's resilience. Ensuring that their tools remain accessible to both specialists and non-specialists will be crucial for sustained success.
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