Keystone Law has advised longstanding client and ESG tech firm Datamaran on its successful $13.3 million Series B funding round led by Fortive Corporation (NYSE:FTV) and supported by American Electric Power (NASDAQ:AEP). The capital injection will be used to expand Datamaran’s team in the United States and beyond and allow the business to scale effectively to meet the needs of the expanding ESG-insights market.
Datamaran was founded in 2014 and its platform enables evidence-based insights and a near real-time assessment of material ESG risks that can be tailored to a client’s sector, geography, or stakeholder context. This insight allows leaders to create an informed and fully integrated ESG and business strategy that can be understood by all stakeholders.
The Keystone Law team advising on the deal was led by Corporate partner Nadim Zaman, with support from Corporate associate Albert Mennen, Commercial partner Daniel Tozer, Intellectual Property partner Suzy Schmitz, Tax partner Paul McCourt, and Employment solicitor Denham Bell. Keystone also coordinated support from local legal counsel in the Netherlands and Spain.
Marjella Lecourt-Alma, CEO of Datamaran said:
“It is always a pleasure working with Keystone Law, who once again provided outstanding service with an impressive team of specialists led by Nadim. They were by our side at every step of the negotiation and execution phase. Nadim and his team offered strategic insights and pragmatic advice on this milestone transaction for Datamaran.”
Nadim Zaman added:
“Having worked closely with co-founders Marjella, Jean-Philippe and Jérôme from day-one, it has been a privilege to assist on, and be part of, their high growth journey. These are exciting times as the company continues to expand globally and be at the forefront of ESG risk monitoring and strategic insights.”
Lead investor Fortive Corporation was advised by DLA Piper.