Amsterdam and New York-based Scaler has raised $10M (approximately €9.2M) in a Series A funding round. The funding round was led by Plural, with participation from previous investor Base10.The business will use the funding to enhance the product, hire more engineers, and expand into new markets outside of Europe.

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Driven by the need for better tools and a commitment to harnessing technology to address the complex challenges facing the built environment today, the Scaler Platform is specifically designed to take the pain out of ESG and empower the real estate industry to make and achieve ambitious goals.

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Zlatan Menkovic, co-founder and CEO of Scaler, says “If you want to have a global impact, there are few better places to start than the real estate industry. Investors are under pressure to decarbonise their portfolios, but to do this effectively they need data, presented and analysed in a way that helps them make the best decisions, for their clients and the world.”

Khaled Helioui, Partner at Plural, says, “Solving the real estate industry’s carbon problem is complex, when north of 60% of carbon emissions in major cities come from buildings and energy use is only increasing. In only a few years, 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.”

About Scaler

Founded in 2021 by Zlatan Menkovic (CEO) and Luc van de Boom (CBO), Scaler combines deep industry experience across ESG consulting, real estate, data and tech, and includes, among others, several ex-GRESB employees inspired to take a more hands-on approach to move the industry forward.Scaler’s powerful machine learning models guide you in creating a custom net zero carbon roadmap. It will help you adopt the most effective measures and model the impact of your decisions against targets so you can stay on track every step of the way.