Datamaran, a pioneer in strategic ESG software, has successfully secured $33m in Series-C funding from Morgan Stanley Expansion Capital.
The investment underlines Datamaran’s leadership in the ESG software market, particularly as it embarks on an ambitious growth strategy across the U.S. and Europe. This new injection of capital is set to propel the company’s pioneering initiatives in generative AI and bolster its market presence.
The substantial funding comes as Datamaran continues to enhance its software capabilities. The company is renowned for enabling organizations to monitor over 400 external risk factors effectively, transforming ESG compliance into a strategic advantage rather than just an operational cost. By leveraging advanced AI technologies, Datamaran aids its clients in navigating the increasingly complex world of ESG governance.
Datamaran plans to utilize the $33m to accelerate its expansion in key markets and further develop its AI technologies. This strategic move aims to keep the company at the forefront of the ESG sector, meeting the growing demand from C-suite executives for robust governance and risk solutions.
In addition to its core offerings, Datamaran has a proven track record of growth and innovation. Over the past 18 months, the company has more than doubled its subscription revenue, a testament to the escalating demand for its services. Datamaran’s client roster includes influential names such as Dell, Cisco, AB InBev, Deloitte, and Pepsico, highlighting its significant impact on the industry.
“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. 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,” Morgan Stanley Expansion Capital Managing Director Lincoln Isetta commented.
Marjella Lecourt-Alma, CEO and Co-founder of Datamaran, said, “As a 10-year-old company, we are the trailblazers in strategic ESG, and this investment will enable us to stay at the forefront of innovation in AI-powered software to serve our clients’ growing needs. 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.”
Previously, Datamaran has demonstrated a strong financial trajectory, indicative of its capacity to leverage past investments effectively to solidify its market position and enhance product offerings.
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