Returns of 4.2x for West Hill investors as Datamaran is backed by the $22billion Fortive and $45billion American Electric Power

Fast-growing West Hill portfolio company, Datamaran, has raised capital from two substantial US based corporate investors that are also longstanding clients. 

The deal is believed to be potentially transformational, directly aligning Datamaran with major businesses that have a significant footprint and network in the USA. The funds raised will enable Datamaran to scale up rapidly with a view to accelerating its already impressive growth globally and particularly across North America.

Datamaran’s differentiated software solution is enabling some of the world’s largest corporates to significantly enhance their ESG strategy and risk management, providing automated and data driven analysis on material ESG risks, leading to unique insights and opportunities. The Company’s unique SaaS platform assists corporates by delivering automated evidence-based insights tailored to specific sectors and geographies. 

The Company has experienced rapid growth in recent years and an increasingly impressive roster of major blue-chip customers in recurring licensing agreements includes PepsiCo, Walgreens and Dell. Partnerships are also in place with Ernst & Young, DLA Piper, Deloitte and Intelex (a Fortive company).

The recent investment round provides a 4.2x uplift in valuation for the round one West Hill investors and 3.4x uplift for those that subscribed in the round two. Whilst some West Hill introduced Datamaran shareholders have taken the opportunity to secure an attractive multiple return with a partial sale of their holding at this stage, the vast majority are holding (including all six partners of West Hill), as Datamaran potentially enters a period of rapid expansion and growth in the coming years. 

Marjella Lecourt-Alma, CEO and Co-founder of Datamaran commented;

“After years of expansion, organic growth and achieving profitability, we see even more potential for the strategic insight we provide. This investment provides us with the capital necessary to match the growth opportunities that are increasing at an ever-faster pace as customers, employees and regulators double down on their ESG expectations.

“Coming from strategic partners and clients, this funding is a ringing endorsement of Datamaran’s benefits and our ambition. It demonstrates not only that they realise this technology is integral to their future success, but also their eagerness to share this valuable tool with a wider range of organisations. 

With this backing, Datamaran will accelerate the process of taking ESG to the C-suite and meet growing demand.”