TGIF, readers!
As we close out the week, let’s take a moment to parse this Datamaran-centric story.
“Welcome to the smart way to ESG,” as proclaimed by Datamaran. Already trusted by nearly 200 clients (including the likes of Dell, Cisco, Marathon, AB InBev, Kraft Heinz, Deloitte, Bridgestone, Pepsico, and even orgs like the European Financial Advisory Reporting Group, or EFRAG), the Datamaran AI platform empowers business leaders to, quote, “confidently navigate the complex ESG landscape by transforming vast amounts of information into actionable insights.”
With Datamaran and its “smart way to ESG” resources, teams can identify and prioritize the issues that are truly material to their organization (while elevating those very teams with deep ESG insights). Additionally, “Smart ESG” from Datamaran entails the real-time monitoring of ESG risks and opportunities alike (while mitigating inadvertent industry greenwashing), making ESG a real value-driver. (We’re talking about them monitoring 400+ external risk factors, to boot.)
Don’t just take it from us, though; here’s word from Bill Cooper of Nutrien, also served by Datamaran.
“Having the Datamaran platform where all of our topics are conveniently housed and displayed — so we can drill down into what’s driving risks — has increased engagement internally and strengthened knowledge of ESG across our executive and our senior management teams,” Cooper explained.
And so, in efforts to strengthen ESG initiatives, just yesterday Datamaran announced having secured $33 million in Series C financing. This came from Morgan Stanley Expansion Capital, further validating Datamaran’s global leadership in the ESG software market.
Also notably (in the 18 months since Datamaran’s previous funding round), Datamaran has reportedly “more than doubled” its subscription revenue, fueled by high demand for its ESG governance and risk solutions for business executives.
With this new funding, Datamaran will be able to “accelerate growth in the U.S and Europe and further advance initiatives in GenAI.”
“As a 10-year-old company,” explained Marjella Lecourt-Alma, CEO and co-founder of Datamaran, “we are trailblazers in strategic ESG. This investment will enable us to stay at the forefront of innovation in AI-powered software to serve our clients’ growing needs,’’ said. “With the number of ESG reporting requirements increasing exponentially, there is a clear incentive for companies to double down on ESG governance and know their material risks and opportunities.’’
Lincoln Isetta, Managing Director of Morgan Stanley Expansion Capital, also commented.
“Datamaran has exhibited impressive growth and capital efficiency since we first met them over two years ago. They are a market leader in providing technology that enables companies to embed ESG into their business practices, which is becoming more important as customers, stakeholders and regulators demand ever greater accountability from global enterprises,” Isetta stated. “We are excited to partner with Marjella and her team to support Datamaran’s next stage of growth, penetrating further into the U.S. market and seeking to add more Fortune 500 companies to an already impressive client roster.”
Edited by
Alex Passett
