French startup Deepki has raised a $166 million (€150 million) Series C funding round. The company builds a software-as-a-service platform for the real estate industry. It is a monitoring and analysis product that helps you make better decisions.

Companies using Deepki can track and analyze ESG (Environment, Social and Governance) criteria, starting with the carbon emissions generated by their real estate portfolio.

You can’t reduce what you can’t measure. As real estate investors want to reduce their environmental impact with new and existing projects, Deepki first lets you get a comprehensive overview of your carbon emissions performance.

Deepki lets you collect and aggregate data such as energy, water, and waste. The company tries to automate this process as much as possible by using APIs, web scraping or connections to SFTP servers.

This can be a good starting point to see how you stack up against legal requirements in various geographies. You can also extract data and use it for certifications.

But using a product like Deepki can be particularly useful for seeing trends over time. From Deepki’s data management and monitoring platform, you can see how your electricity or water consumption is changing over time.

Large enterprise customers with multiple commercial properties can add multiple locations to Deepki and compare them on the platform. This way, you can prioritize one building over another to implement energy saving plans. This will improve your overall carbon trajectory.

Series C was led by Highland Europe and One Peak Partners. Bpifrance’s Large Venture fund and Revaia are also participating in the investment. Some existing investors are also putting more money on the table, like Hi Inov and Statkraft Ventures.

“The global real estate sector must act now if it is to halve its emissions by 2030 and achieve net zero by 2050. This represents a huge market opportunity for Deepki. Today’s new funding announcement means Deepki can make a bigger impact and help even more asset owners meet the challenge of climate change, and we’re happy to have our new partners Highland Europe and One Peak, along with Revaia and Bpifrance Large Venture on this journey,” co-founder and CEO Vincent Bryant said in a statement.

As you can see, Deepki develops a very specific SaaS platform for customers with very specific needs. This is why the company also has an advisory service to help Deepki clients implement ESG strategies and action plans.

The company currently has 150 employees in five European capitals. Deepki currently monitors buildings in 38 different countries, which represent more than 500 million square meters. Clients include AEW, Tikehau, Generali RE, DeA Capital, Allianz Real Estate, Warburg HIH, Azora Capital and Neinver.


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