Deepki is deeply interested in international expansion and the real estate sector with the acquisition of London-based Fabriq for an undisclosed sum.
ESG data intelligence platform Deepki is headquartered in Paris with offices in London, Berlin, Milan and Madrid. Founded in 2014, its SaaS platform is targeted at real estate investors, owners and managers for the ESG performance of their real estate assets.
Fabriq (formerly EnergyDeck) was founded in 2011. It offers a software and data platform for those looking to making buildings more sustainable.
Vincent Bryant, CEO and Co-Founder of Deepki, says Fabriq’s existing technology is “complementary to Deepki Ready and, combined with our advisory services, this makes it an exciting partner as we build the business globally”.
Like quite a few other tech companies, Deepki is keen to tap into businesses’ need to meet net zero targets.
For example, ESG Book and Earth Blox have recently picked up funding. Berlin-based greentech company Plan A will be opening a new branch office in London from July 2022 with 100 jobs up for grabs. While in an eWeek UK scoop, SDG Assessment powered up in West Sussex to offer sustainability and ESG reporting for small businesses.
- Everything’s gone green – check out ‘ESG Credentials: Helping Businesses Blast Off for the Greater Good on Earth’ here
That said, Deepki is focused on the commercial real estate sector. With the purchase of Fabriq it gets access to such clients as Savills and Knight Frank. The UK tech company has 40 clients across real estate owners and asset managers, who use its proprietary Fabriq OS SaaS platform.
Fabriq has 14 employees listed on LinkedIn. It seems jobs might be safe as Benjamin Kott, Founder of Fabriq, notes: “We are very excited to be joining Deepki on its international growth journey.”
Naturally, Deepki talks about the merits of an ESG strategy. According to the firm, the real estate sector is currently responsible for around 37% of the Earth’s carbon emissions and has a target of reaching net zero by 2050 – a goal set by the World Green Building Council Net Zero Carbon Buildings Commitment.
Deepki’s SaaS platform enables clients to collect ESG data, get an overview of their portfolio’s ESG performance, establish investment plans to reach net zero, and assess results. It also allows users to report to key stakeholders.
Deepki has over 180 employees and operates in over 39 countries. It is making progress as it raised €150 million (£127 million) in a Series C round of funding in March.