Scaler's Groundbreaking Approach to Real Estate Decarbonization Secures $10 Million in Series A Funding
July 13, 2024, 3:43 am
Scaler, a pioneering platform at the forefront of utilizing machine learning and ESG data to drive the decarbonization of real estate, has recently announced a significant milestone - securing $10 million in Series A funding. This funding round, led by Plural with participation from Base10, marks a pivotal moment for Scaler as it sets its sights on further developing its product, expanding its engineering team, and venturing into new markets beyond its current European presence.
Founded by the dynamic duo of Zlatan Menkovic and Luc van de Boom, Scaler has carved out a niche for itself in the real estate industry by specializing in ESG decision-making. The platform offers a comprehensive suite of tools that enable real estate investors and asset managers to leverage machine learning, ESG monitoring, and reporting capabilities to drive impactful change within the industry. By providing the ability to model the impact of decisions at both the asset and portfolio levels, Scaler empowers its clients to make informed choices that align with their sustainability goals.
With a diverse client base spanning across Europe and the US, Scaler boasts an impressive $350 billion under management, underscoring the significant influence it wields within the industry. Through its innovative approach, Scaler has enabled its clients to reduce their carbon output by a staggering 15 million kgs, equivalent to the electricity consumption of over 10,000 homes annually. This tangible impact underscores the transformative power of Scaler's platform in driving sustainable change within the real estate sector.
In a statement reflecting on the company's mission, Zlatan Menkovic, co-founder and CEO of Scaler, emphasized the critical role that data plays in enabling investors to decarbonize their portfolios effectively. By providing actionable insights and analysis in a user-friendly format, Scaler equips its clients with the tools they need to make informed decisions that benefit both their stakeholders and the environment.
The significance of Scaler's work has not gone unnoticed, with Khaled Helioui, Partner at Plural, acknowledging the complexity of the real estate industry's carbon challenge. With buildings accounting for over 60% of carbon emissions in major cities, the need for innovative solutions like Scaler has never been more pressing. Plural's partnership with Scaler underscores the industry's recognition of the platform's potential to drive meaningful change and accelerate progress towards net-zero targets.
Looking ahead, the new funding injection, which also saw continued support from Base10, will enable Scaler to embark on its global mission of transforming the real estate industry. With plans to expand into the APAC region and capitalize on its recent successes in Europe and the US, Scaler is poised to continue its trajectory of growth and impact on a global scale.
In conclusion, Scaler's $10 million Series A funding represents more than just a financial milestone - it symbolizes a validation of the platform's innovative approach to real estate decarbonization. As the industry grapples with the urgent need to address climate change, Scaler stands out as a beacon of hope, offering a path towards a more sustainable future for real estate and beyond.
Founded by the dynamic duo of Zlatan Menkovic and Luc van de Boom, Scaler has carved out a niche for itself in the real estate industry by specializing in ESG decision-making. The platform offers a comprehensive suite of tools that enable real estate investors and asset managers to leverage machine learning, ESG monitoring, and reporting capabilities to drive impactful change within the industry. By providing the ability to model the impact of decisions at both the asset and portfolio levels, Scaler empowers its clients to make informed choices that align with their sustainability goals.
With a diverse client base spanning across Europe and the US, Scaler boasts an impressive $350 billion under management, underscoring the significant influence it wields within the industry. Through its innovative approach, Scaler has enabled its clients to reduce their carbon output by a staggering 15 million kgs, equivalent to the electricity consumption of over 10,000 homes annually. This tangible impact underscores the transformative power of Scaler's platform in driving sustainable change within the real estate sector.
In a statement reflecting on the company's mission, Zlatan Menkovic, co-founder and CEO of Scaler, emphasized the critical role that data plays in enabling investors to decarbonize their portfolios effectively. By providing actionable insights and analysis in a user-friendly format, Scaler equips its clients with the tools they need to make informed decisions that benefit both their stakeholders and the environment.
The significance of Scaler's work has not gone unnoticed, with Khaled Helioui, Partner at Plural, acknowledging the complexity of the real estate industry's carbon challenge. With buildings accounting for over 60% of carbon emissions in major cities, the need for innovative solutions like Scaler has never been more pressing. Plural's partnership with Scaler underscores the industry's recognition of the platform's potential to drive meaningful change and accelerate progress towards net-zero targets.
Looking ahead, the new funding injection, which also saw continued support from Base10, will enable Scaler to embark on its global mission of transforming the real estate industry. With plans to expand into the APAC region and capitalize on its recent successes in Europe and the US, Scaler is poised to continue its trajectory of growth and impact on a global scale.
In conclusion, Scaler's $10 million Series A funding represents more than just a financial milestone - it symbolizes a validation of the platform's innovative approach to real estate decarbonization. As the industry grapples with the urgent need to address climate change, Scaler stands out as a beacon of hope, offering a path towards a more sustainable future for real estate and beyond.