Datamaran secures £11.7m Series B funding led by Fortive to expand operations and product innovation.
The Series B round was led by Fortive with backing from American Electric Power.
Share allotment filed at Companies House
Datamaran provides an automated software platform that helps corporate leaders manage and monitor environmental, social and governance risks. The company uses patented technology to track hundreds of external factors across regulatory and media environments.
Datamaran has secured £11.7m in a Series B funding round led by Fortive. The investment also includes participation from American Electric Power, with both backers continuing their long-standing relationships as existing clients and partners. The company intends to direct the new capital towards product innovation and expanding its team in the United States.
The financing follows a period of organic growth and profitability for Datamaran, driven by increasing demand from corporate leaders for quantifiable environmental, social and governance data. Executive interest now accounts for a significant share of company revenue as regulatory scrutiny intensifies.
From the founder
"After years of expansion, organic growth and achieving profitability, we see even more potential for the strategic insight we provide. This investment provides us with the capital necessary to match the growth opportunities that are increasing at an ever-faster pace as customers, employees and regulators double down on their ESG expectations,"
Marjella Lecourt-Alma
CEO and Co-founder at Datamaran
Investor perspective
"Datamaran’s unique technology ensures businesses have the actionable and quantifiable data they need to prepare for the rapidly changing expectations of society from corporations,"
Justin McElhattan
VP & Group President of Fortive's Environmental, Health & Safety Group, Fortive
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Datamaran
Datamaran offers an automated software platform for environmental, social and governance risk management.