The funding round of the French start-up was co-led by One Peak and Highland Europe
Deepki co-founders Emmanuel Blanchet (left) and Vincent Bryant (right). Credit: Deepki
France-based Deepki has raised €150m in a Series C funding round for its environmental, social, and governance (ESG) data intelligence platform for the real estate sector.
The funding round was jointly led by London-based venture capital firms One Peak and Highland Europe. Other investors that took part in the round include Bpifrance, Hi Inov, Revaia, and Statkraft Ventures.
Established in 2014, Deepki has built a SaaS platform, which caters to real estate investors, owners, and managers. It is designed to help them enhance the ESG performance of their real estate properties and with that boost their value.
By using the ESG data intelligence platform, clients can gather ESG data in order to get a comprehensive overview of the ESG performance of their portfolio. Besides, the SaaS platform enables them to establish investment plans for achieving net-zero and assess results, said Deepki.
Highland Europe partner Jean Tardy-Joubert and One Peak managing partner Humbert de Liedekerke said: “The real estate sector is currently responsible for 40% of the Earth’s carbon emissions, and Deepki provides a way for building owners, managers and tenants to measure and therefore neutralize the carbon impact of their assets.
“For one of the world’s oldest and most important industries, Deepki is providing an important first step on the journey to achieving the real estate’s Net Zero goals.”
The French start-up expects to use the proceeds from the funding round to build its position in Europe via innovation. It plans to recruit more than 200 people this year and establish and expand its business in the US within the coming 12 months.
Deepki also plans to undertake strategic acquisitions with the new funding.
Currently, the company has more than 150 employees and maintains offices in five European capital cities. It is said to have operations in more than 38 countries.
Deepki CEO Vincent Bryant and COO Emmanuel Blanchet, who are also the company’s co-founders, said: “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.
“The value of the monitoring and analytics market required to achieve this goal is likely to be worth $5 to $10 billion by 2025, with year-on-year growth of 20%. Today’s announcement means that we are in an even stronger position to take advantage of this huge opportunity.”