Deepki Achieves Highest-Ever ClimateTech SAAS Fundraising in the Real Estate Sector

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12 April 2022

Deepki, an ESG data intelligence platform for the real estate sector, has raised €150 million in a Series C round of funding. 

This is the largest ever ClimateTech SaaS fundraising in the real estate sector.

Deepki’s SaaS platform allows users to collect ESG data, with a view to providing a comprehensive overview of a property portfolio’s sustainability performance. The platform is supported by carbon and ESG companies who partner with clients across data collection and analysis, through to ESG strategy definition and implementation. 

Deepki’s clients include AEW and Tikehau in France, Generali RE and DeA Capital in Italy, Allianz Real Estate and Warburg HIH in Germany, Azora Capital and Neinver in Spain, and several leading global property and asset managers in the UK. 

The new funding will help Deepki to secure over 200 new hires in 2022, establish and grow the business in the US within the next 12 months, and carry out strategic acquisitions.

“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.  The new investment means that we can take it to new markets and support the real estate sector as it plays its part in tackling climate change.”

–Emmanuel Blanchet

COO and Co-Founder, Deepki

$5 Trillion of Investment Needed Each Year to Decarbonise the Built Environment

More than $5 trillion of investment is needed each year to decarbonise the built environment and ensure the real estate sector can meet its commitment to meet the net-zero target by 2050.  Deepki estimates that the value of the monitoring and analytics market required to achieve this goal will be worth $5 to $10 billion by 2025, with year-on-year growth of 20 per cent. 

Now with over 150 employees, offices in five European capital cities and operating in over 38 countries, Deepki has over 500 million sqm of commercial real estate, almost five times the area of Paris, under its management.

To date, Deepki has saved over 180,000 equivalent tonnes of CO₂ across its client base.  

Commenting on the new funding, Emmanuel Blanchet, COO and Co-Founder of Deepki, commented:  “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.  The new investment means that we can take it to new markets and support the real estate sector as it plays its part in tackling climate change.”

Series C Funding

The Series C round of funding was co-led by One Peak and Highland Europe, two London-based Growth Equity firms specialising in category-leading, growth stage, technology companies in Europe. 

Other investors include Bpifrance, through their Large Venture fund, and Revaia, as well as existing investors Hi Inov and Statkraft Ventures, who continue to support the growth of the business.

Picture: a photograph of Emmanuel Blanchet (left), and Vincent Bryant (right). Image Credit: Deepki

Article written by Ella Tansley | Published 12 April 2022

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