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Bluemark: Impact Verification And Intelligence Company Secures $10 Million
Foundation: Ford Foundation, Rockefeller Foundation
With more than $1 trillion in impact assets under management, BlueMark is poised to become a "premier provider of impact verification, benchmarks, and analytics to institutional investors of all types," CEO Christina Leijonhufvud says in a press release.
The San Francisco-based company has just closed a $10 million funding round, led by S&P Global with other new investors including Temasek Trust Capital, Radicle Impact, and the Ford Foundation, Fortune reports.
"This latest funding round shows how strong the appetite is for greater transparency in impact management and reporting among investment managers and also helps asset allocators identify and engage with managers driving impact," says Leijonhufvud.
According to the Global Impact Investing Network, there are more than $1 trillion in impact assets under management around the world.
BlueMark will use the funding to expand into Asia, where it has a specific focus, as well as to expand its presence across different industries and sectors.
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