Deepki, a Paris-Based ESG Data Platform for the Real Estate Sector, Rakes in EUR150 Million Series C Funding
Parisbased Deepki Seriespaultech.eu, a provider of an ESG data intelligence platform for the real estate sector, recently raised a EUR150 million Series C funding round. The funds will help the company consolidate its leadership position in Europe through innovation, secure over 200 new hires in 2022, establish and grow the business in the US within the next 12 months, and carry out strategic acquisitions.
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ESG Data Intelligence for Real Estate
Easily accessible ESG data is key to building a strong brand and reputation in the eyes of investors. It can also provide an added level of transparency and help to build strong, long-term relationships with stakeholders.
The need for access to data has never been greater, particularly in times of crisis and change. Keeping track of important indicators is essential for ensuring that businesses are meeting their business goals and operating efficiently, which can help companies to achieve financial growth.
When it comes to real estate, this means collecting and reporting on a range of metrics, including energy consumption and water use, as well as measuring the impact of operations on the environment and establishing ESG goals. An effective ESG program not only reduces the risk of fines and penalties, but can also boost operational efficiency and enhance innovation.
In a world where the sustainability agenda is becoming inseparable from profit, ESG awareness has become an essential tool for property managers to meet their business needs. By utilizing ESG data, they can track their buildings’ performance, improve efficiency and make their properties more attractive to residents.
To do this, they need to have a data center where the different data from building management, tenants, waste disposal and utilities can be centralized. Then, they can collect and report the information needed to ensure that their buildings are in compliance with all their certifications and ESG reports.
Currently, the ESG data available for asset owners is provided by several vendors and in various formats. This can be difficult to standardize, and makes it harder for asset owners to see the whole picture of their investment portfolio’s ESG performance.
A standardized ESG data center can make it easier for asset owners to assess the impact of their assets on the environment, in addition to improving their portfolio’s overall performance. This can also help asset owners to meet increasing regulations and investor demands.
The need for a standardized ESG data center is especially vital for commercial real estate, as most office buildings and other buildings around the world waste significant amounts of energy. This, in turn, puts commercial real estate on the frontlines of the accelerating ESG movement.
Decarbonise the Built Environment
The built environment is one of the largest emitters of greenhouse gases. It is responsible for around 40% of global carbon emissions and will play a crucial role in achieving the Paris Agreement’s goal of 1.5 degrees Celsius warming by 2040.
To reach net zero emissions, the entire life cycle of buildings needs to be decarbonised from design through construction, operation and deconstruction. This is where collaboration and partnership becomes vital.
Buildings account for nearly 40 percent of all global energy and process-related emissions, and the industry has only just begun to understand the scale of change that is required to meet the Paris Agreement’s goal of 1.5°C. Without widespread, collaborative decarbonisation across the built environment, we will not be able to meet the Agreement’s target and we will continue to see devastating impacts of climate change.
In addition to the operational carbon emissions associated with the electricity used to power a building, the materials and construction processes used in the making of a building also contribute to its carbon footprint. This is referred to as embodied carbon and often gets less attention than the energy-related emissions involved in building operations.
However, the Paris Agreement lays out a number of pathways to decarbonise the built environment and aligns both embodied carbon and operating carbon in its definitions. This is why the SBTi is developing a framework that will provide general and sector-specific criteria for companies to measure, report and verify their progress against science-based targets.
Currently, the built environment is fragmented with localised markets, suppliers and building codes that often make it difficult to find cost-effective pathways to decarbonise products and systems. This means that even if a company has developed an innovative product or technology that is potentially game-changing, it is unlikely to be widely adopted without extensive industry collaboration and partnerships.
As a result, the world needs to invest heavily in collaboration and partnership within the built environment ecosystem to reduce the costs and risks of incorporating new materials and technologies. This will require a shift from a fragmented landscape to an integrated, collaborative approach that can cost-efficiently create new innovations from green cement to hydrogen boilers.
Transform the Real Estate Sector
The real estate industry is undergoing a transformation, driven by megatrends. These include globalisation, socio-demographic change, urbanisation, sustainability, digitalisation and changes in the regulatory environment.
This transformation, which is accompanied by increasing utilisation of digital technologies in the real estate industry, enhances the house-purchasing experience while boosting operational efficiency for real estate brokers. Examples of this include virtual tours, automated transactions, and tailored services.
However, the real estate sector is still a late adopter of digitization compared to other business sectors such as banking, retail, and healthcare. This can be due to the large amount of information that needs to be processed during a property transaction.
Nevertheless, digitalisation is not only beneficial to customers but also to the entire ecosystem of the real estate sector. For instance, cloud-based software improves property management systems and enables faster transactions, eliminating the need for middlemen.
Another important aspect of digital transformation in the real estate sector is the use of big data. This helps businesses to understand customer segments and predict their behavior. This information can be used for improving marketing strategies and attracting new clients.
As a result, digital technology can help to streamline operations and create a more comfortable work environment for employees. Employees can work part-time or be freelancers, giving them a healthier work-life balance.
In addition to the use of digital technologies, it is necessary to adapt the corporate culture of the real estate companies. Creating an optimum work environment is important for employees to have a positive attitude towards their work and provide a good service to customers.
To do this, it is essential to develop processes that will ensure a smooth flow of information between different parties in the real estate process. For this purpose, process mining tools can be useful.
This tool can also be used to discover areas of opportunity for improvement and automation. This will help the company to grow and become a leader in its market.
Despite the challenges, the real estate industry is facing, it is necessary to transform it to accommodate these trends and meet the needs of customers. The most effective way to do this is to develop a digital working model and implement new technologies such as smart contracts. This will allow the company to automate its business and reduce costs.
Become a Global Leader
Parisbased Deepki Seriespaultech.eu provider of a SaaS platform for real estate investors, owners and managers to improve the ESG performance of their assets and enhance the value of their property portfolio. Using the latest in data analytics, the company helps clients measure, monitor and manage their property portfolios’ carbon emissions, energy use, water consumption and waste management in a scalable solution that will save them money in the long run.
Founded in 2014, the company boasts 150 employees across five European capital cities and operates in over 38 countries. Some of their more notable customers include AEW, Tikehau, Generali RE, DeA Capital, Allianz Real Estate and Warburg HIH.
Interestingly, Parisbased Deepki Seriespaultech.eu is also the only vendor in the world to offer a fully populated ESG data intelligence platform for the real estate industry. Their solution includes the aforementioned software-as-a-service (SaaS), a suite of ESG content, analytics and data management solutions, a consulting service and a dedicated data center. They recently raised a EUR150 million Series C round co-led by One Peak and Highland Europe to further expand the business and take the helm of Europe’s burgeoning ESG data monitoring and analytics market. The funds will allow the company to develop its leadership position in Europe through innovation, secure over 200 new hires in 2022 and make strategic acquisitions aimed at the US market.