UK’s ESG risk management software platform Datamaran raises €29.52M to expand in the US and Europe

London-based Datamaran, an ESG risk management software platform, announced that it has raised $33M (approximately €29.52M) in a Series C round of funding. 

The funds will support the company’s expansion in the US and Europe and advance its generative AI initiatives.

Prior to this, in September 2022, the UK-based company raised £11.7M in its Series B round, led by US-based Fortive, with participation from American Electric Power—both of whom are long-standing partners and clients.

Investor supporting Datamaran

The investment came from Morgan Stanley Expansion Capital, a growth-focused private investment platform of Morgan Stanley Investment Management. It targets late-stage growth equity and credit investments in high-growth sectors such as consumer, technology, and healthcare. 

Over the last 30 years, the firm has invested in more than 200 companies, leveraging Morgan Stanley’s global brand and network.

Lincoln Isetta, MD of Morgan Stanley Expansion Capital, says, “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.”

Empowering businesses to navigate the complex ESG landscape

Founded in 2014 by Marjella Lecourt-Alma, Jérôme Basdevant, and Jean-Philippe Lecourt, Datamaran is a software analytics platform for identifying and monitoring external risks, including ESG.

Trusted by blue-chip companies and recognised by the European regulator EFRAG, Datamaran enables in-house, data-driven materiality analysis and risk monitoring. Its technology provides real-time insights on strategic, regulatory, and reputational risks tailored to businesses and their value chains.

In the past 18 months, Datamaran claims to have doubled its subscription revenue due to growing demand from C-Suite executives for its ESG governance and risk solutions. The platform enables clients to monitor over 400 external risk factors, turning ESG compliance into a value driver.

Co-founder Lecourt-Alma, says, “As a 10-year-old company, we are the trailblasers 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.”

Datamaran’s platform supports nearly 200 clients, including Dell, Cisco, AB InBev, Deloitte, and Pepsico, as well as organisations like EFRAG, in navigating over 4,000 global ESG regulations. Its database of 9,000 companies enables clients to benchmark, set targets, and drive efficiency and profitability.

With regulations like the EU’s Corporate Sustainability Reporting Directive requiring C-suite ownership and board oversight of ESG issues, Datamaran’s platform helps clients ensure accountability and maintain agility amid the evolving ESG landscape.