Capital to Bolster Product Innovation and
Expand U.S. Team
LONDON and NEW
YORK, Sept. 20, 2022 /PRNewswire/ -- Datamaran,
the only ESG risk management software platform, today announced the
completion of a £11.7 million Series B funding round led by Fortive
(NYSE:FTV) with participation from American Electric Power
(NASDAQ:AEP), both long-standing partners and clients.
Datamaran is the only automated solution available to help
leaders take ownership of their ESG strategy. The Datamaran
platform enables evidence-based insights and a near real-time
assessment of material ESG risks that can be tailored to a client's
sector, geography, or stakeholder context. This insight allows
leaders to create an informed and fully integrated ESG and business
strategy that can be understood by all stakeholders.
This new round of funding will enable additional product
innovation and help ensure Datamaran remains at the cutting edge of
the shift towards ESG as a strategic business tool. The investment
will also support the expansion of its U.S. team and position
Datamaran to scale effectively to meet the needs of the expanding
ESG insights market.
"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," said Marjella Lecourt-Alma, CEO and
Co-founder of Datamaran.
"Coming from strategic partners and clients, this funding is a
ringing endorsement of Datamaran's benefits and our ambition. It
demonstrates not only that they realize this technology is integral
to their future success, but also their eagerness to share this
valuable tool with a wider range of organizations. With this
backing, Datamaran will accelerate the process of taking ESG to the
C-suite and meet growing demand."
Over the last year Datamaran has seen a surge in interest from
the C-suite audience, which now makes up over 40% of revenue and
continues to scale rapidly. Datamaran is the only automated
solution available to help leaders take ownership of their ESG
strategy. Using patented technology, Datamaran identifies and
monitors over 400 external risk factors - including environmental,
social and corporate governance (ESG), innovation and technology,
and geopolitical issues - on an ongoing basis by scanning the
regulatory, media and corporate disclosure environments.
"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," said
Justin McElhattan, VP & Group
President of Fortive's Environmental, Health & Safety Group.
"Datamaran brings transformative results to businesses around the
world - including Fortive - to accelerate progress for a more
sustainable future."
"The ability to gain deeper insights into ESG and how it affects
our business is increasingly important. The ESG landscape is
constantly evolving; having access to data-driven information about
how and when those changes are occurring allows us to identify
emerging issues and trends that could impact AEP. Datamaran's
platform supports monitoring of material ESG issues at any time,"
said Sandy Nessing, AEP's chief
sustainability officer.
In addition to Fortive and AEP, other companies currently using
Datamaran include PepsiCo, Walgreens and Dell, while partnerships
with EY, DLA Piper, Deloitte and Intelex (a Fortive company) allows
a wider range of organizations access to the valuable data insight
for strategic ESG decision-making.
For more information on Datamaran, please visit
https://www.datamaran.com/.
About Datamaran
Datamaran is the only software
analytics platform in the world that identifies and monitors
external risks, including ESG. In addition to being trusted by
blue-chip companies and top-tier partners, it has been recognized
as best practice by the European regulator EFRAG for bringing a
data-driven business process for materiality analysis and risk
monitoring in-house - at any time. Datamaran's patented technology
offers real-time analytics on strategic, regulatory, and
reputational risks, specific to your business and value chain.
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SOURCE Datamaran