On the back of €150 million in funding in March, Parisian ESG data intelligence platform for the real estate sector Deepki has acquired UK-based rival Fabriq. The acquisition will consolidate Deepki’s position in Europe, where it already has offices in Paris, London, Berlin, Milan and Madrid.
The real estate sector is currently responsible for around 37% of the earth’s carbon emissions and has a clear target of reaching net zero by 2050 - a goal set by the World Green Building Council Net Zero Carbon Buildings Commitment.
Betting big on the segment, Deepki’s SaaS platform helps real estate investors, owners and managers improve the ESG performance of their real estate assets, and in the process enhance their value. Its competitor, Fabriq also focuses on the energy efficiency of real estate assets and has complementary features to Deepki’s platform.
Vincent Bryant, CEO and co-founder of Deepki said: “Fabriq’s existing technology is complementary to Deepki Ready and, combined with our advisory services, this makes it an exciting partner as we build the business globally. There is a huge opportunity for us to help the commercial real estate sector meet its net-zero target. Urgent action is needed, with a greater focus on implementation, not just reporting. Investors need to recognise that much more money needs to be directed to net-zero strategies and that they may not have the expertise or resources necessary to tackle the enormous climate change challenge.”
Benjamin Kott, founder of Fabriq, added: “The two businesses provide a proposition which is second to none when it comes to helping real estate asset owners make informed decisions on improving building sustainability and performance and achieving real impact in reducing emissions from building operations in line with climate change policies.”