Funding Green Fintech

Temasek Joins Impact Verification Provider BlueMark’s US$10 Million Series A

BlueMark, a provider of independent impact verification and intelligence for the impact and sustainable investing market, announced that it has closed its US$10 million Series A funding round.

The lead investor is S&P Global, with other new investors including Temasek Trust Capital and three family offices — Blue Haven Initiative, Gunung Capital, and Tsao Family Office.

Ford Foundation and Radicle Impact are also participating in the Series A round, having previously funded BlueMark’s seed round with US$2.25 million in equity financing.

BlueMark said that the funds will be used to bolster its growth as a premier provider of impact verification, benchmarks, and analytics to institutional investors of all types.

The company also plans to expand its presence across different industries and geographies, with a particular focus on Asia where three of its investors are based.

Founded in January 2020, BlueMark has completed 125 verifications to date for investors with a combined US$206 billion in impact AUM.

Christina Leijonhufvud

Christina Leijonhufvud, CEO of BlueMark 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 and also helps asset allocators identify and engage with managers driving impact.”

Dawn Chan

Dawn Chan, Managing Director, Investments at Temasek Trust Capital said,

“Impact and sustainable investing is a focus at Temasek Trust Capital. We see significant growth opportunities for impact investing in Asia and around the world. Independent experts are vital in assessing and assuring that investors are delivering on their impact claims and commitments.

BlueMark is a leader in this space, and we look forward to working with the BlueMark team to expand their verification and market intelligence services to new geographies and sectors.”