PropTech ESG data platform Deepki acquires rival Fabriq

Deepki, which claims to be the only company in the world offering a fully populated ESG data intelligence platform for the real estate sector, has acquired Fabriq.

Fabriq, which was founded in 2011, helps manage energy and building performance data across assets. Its aim is to help change how buildings are operated from an environmental point of view. Its software is currently used by 40 companies.

The acquisition comes as part of Deepki’s international growth strategy and follows its €150m funding round in March. Its Series C round, which was co-led by One Peak and Highland Europe, was the biggest ESG Tech investment in the first four months of 2022.

Speaking on the deal, Deepki CEO and co-founder Vincent Bryant said, “Fabriq is a strong brand and has an excellent reputation in the sector.  Its 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 real estate reach net zero.  Urgent action is needed, and 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.”

Founded in 2014, Deepki is a SaaS platform that helps real estate investors, owners and managers improve the ESG performance of their real estate assets, while maximising their value.

Clients have a comprehensive overview of their portfolio’s ESG performance, as well as the ability to establish investment plans to reach net zero and assess results.

Fellow ESG data platform to close funding this month is ESG Book. The company, which makes ESG data accessible, consistent and transparent to financial markets, bagged $25m in its Series B.

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