BlueMark Closes Series A Round with US$ 10 million
Posted on 04/18/2023
The provider of independent verification and information for the sustainable investing market, BlueMark, has announced a close to its Series A funding round with US$ 10 million in capital commitments from a seven investors. The lead investor is S&P Global, with other big names including Singapore’s state-owned Temasek. Blue Haven Initiative, Gunung Capital, and Tsao Family Office, Ford Foundation, and Radicle Impact are also involved. Ford Foundation and Radicle Impact had already raised US$ 2.25 million for BlueMark as equity investments.
BlueMark says it can help optimize capital allocation toward sustainable impact. BlueMark also plans to grow across industries and by location, with a pivot toward Asia. Christina Leijonhufvud is the CEO of BlueMark. She said: “This latest funding round shows how strong the appetite is for greater transparency, accountability, and integrity in the impact and sustainable investing market. BlueMark’s distinctive approach to impact verification, benchmarking, and analytics continually raises the bar on best practice impact management and reporting among investment managers.”
BlueMark counts among its clients: Apollo Global Management, Bain Capital, the European Bank for Reconstruction and Development, TIAA’s Nuveen, and UBS Group, to name a few with the highest profile.