Datamaran, a leading provider of AI-driven ESG (Environmental, Social, and Governance) software, has raised $33 million in Series C funding from Morgan Stanley Expansion Capital. The investment will fuel Datamaran’s growth across the U.S. and Europe and advance its generative AI initiatives.
The company has more than doubled its annual recurring revenue (ARR) over the last 18 months, driven by increasing demand for its ESG governance and risk solutions. Datamaran’s platform helps nearly 200 clients, including Dell, Cisco, and AB InBev, monitor over 400 external risk factors and turn ESG compliance into a value-driven process.
CEO and Co-founder Marjella Lecourt-Alma emphasized that Datamaran’s 10 years of innovation in ESG strategy have positioned the company to stay at the forefront of AI-powered ESG software as regulations rapidly expand. Datamaran supports clients in navigating over 4,000 global ESG standards, making it an essential tool for executives facing increasing accountability and regulatory demands.
Lincoln Isetta, Managing Director at Morgan Stanley Expansion Capital, praised Datamaran’s growth and leadership in ESG technology, expressing excitement about further penetration into the U.S. market and adding more Fortune 500 companies to its client base.
