Amsterdam and New York-based startup Scaler has secured $10 million in Series A funding to drive net-zero goals in real estate and expand its team. The fresh investment was led by Plural and joined by Base10 Partners.
- Co-founded in 2022 by Luc van de Boom and Zlatan Menkovic, Scaler develops a data platform designed to address ESG challenges in the built environment. By integrating ESG consulting with real estate, data, and technology expertise, Scaler offers comprehensive tools for analyzing and monitoring performance, setting targets, modeling impact, and managing ESG data.
- Scaler's customer base invested $840 million in improvement and retrofit measures, reducing carbon output by 15 million kg in 2022, equivalent to over 10,000 homes' annual electricity use.
- The startup has worked with several notable customers, including AlteraA, Dream, DW Property, M Multi, Vesteda, CLS, and The July.
Details of the deal
- The investment was led by Plural, a European early-stage investment fund that raised €400 million for its second fund in 2023. The firm’s portfolio includes 21 startups, such as Arbonics, Certific, Feather, and Koos. Previous investor Base10 Partners joined the round.
“Scaler has built the most compelling software solution in the market to rapidly appraise investors’ ESG scores across their properties and outline concrete strategies to meet net zero targets. We’re excited to work with them to transform the real estate industry.” Partner at Plural, Khaled Helioui, stated.
- With the Series A funding, Scaler plans to support its global expansion beyond Europe and the US to the APAC region, where it recently signed its first customers and hired its first team member.
