Parisian provider of an Environmental, Social and Governance (ESG) data intelligence platform for the real estate sector, Deepki has raised a whopping €150 million funding round. The Series C round was co-led by One Peak and Highland Europe with participation from Bpifrance, through their Large Venture fund, and Revaia, and existing investors Hi Inov and Statkraft Ventures.
The company will use the new capital to consolidate its leadership position in Europe through innovation, securing over 200 new hires in 2022, establish and grow the business in the U.S. within the next 12 months, and carry out strategic acquisitions. The company is currently operating in France, the U.K., Germany, Italy and Spain.
Founded in 2014 by Vincent Bryant and Emmanuel Blanchet, the startup offers a SaaS platform for real estate investors, owners and managers to improve the ESG performance of their real estate assets and enhance their value. It enables clients to collect ESG data, get a comprehensive overview of their portfolio’s ESG performance, establish investment plans to reach Net Zero, improve energy efficiency, and assess results. Allowing users to report to key stakeholders, the platform is supported by carbon and ESG experts who partner with clients across data collection and analysis, through to ESG strategy definition and implementation.
Commenting on the new funding, Vincent Bryant, CEO and co-founder, Deepki, said: “The global real estate sector needs to act now if it is to halve its emissions by 2030 and meet the net-zero target by 2050. This represents a huge market opportunity. The new funding means we can make a greater impact and support even more asset owners in taking on the climate change challenge.”
Emmanuel Blanchet, COO and co-founder, Deepki, added: “Commercial real estate with poor ESG performance is already being affected by brown discounting and greater focus is being placed on properties which can adapt to more stringent requirements in terms of carbon emissions. As a result, we are seeing rapidly growing demand for our technology.”
To date, the company has saved over 180,000 equivalent tonnes of CO₂ across its client base.