# Blue Mark, PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-mark-pbc

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.bluemarktideline.com
- Total disclosed funding: $12M
- Latest round: Series A (Apr 5, 2023)
- Investors on record: 7

## About

Based in New York, US, and founded in 2020, Blue Mark, PBC engages in offering impact verification services. The company was co-founded by Christina Leijonhufvud (CEO) and Kim Wright-Violich. In April 2023, Blue Mark raised USD 10 million in series A funding from S&P Global Inc., including from Blue Haven Initiative, Gunung Capital, Temasek Trust, Tsao Family Office, the Ford Foundation, and Radicle Impact Partners. As of 2023, the company’s clients include Apollo Global Management, Bain Capital Double Impact, Big Society Capital, BlueEarth Capital AG, Calvert Impact Capital, Dream Unlimited Corp., DWS Group, and others.

The company provides impact verification services, evaluating and verifying how clients approach impact investing based on recognized industry standards in order to increase confidence in investors' impact practises and results. The firm's services can be classified into two categories: impact management practise, which focuses on the systems and procedures used by investors or firms to manage their influence, and impact performance, which includes the reporting approach used to convey impact strategy, goals, and results.

BlueMark's Impact Verification Services cater to asset managers, asset allocators, and companies. Its verification method comprises a complete review of the submitted material, which results in a publishable independent verifier statement and a detailed report with custom insights, suggestions, and benchmark assessments.

The organization plans to use the April 2023 funding to accelerate adoption of its impact verification services, benchmarks, and analytics.

## Funding rounds

- Series A, Apr 5, 2023, $10M — Ford Foundation, Blue Haven Initiative, S&P Global Ventures, Radicle Impact Partners, Tsao Family Office, Gunung Capital, Temasek Trust
- Seed, Dec 23, 2021, $2.3M — Ford Foundation, Radicle Impact Partners

## Investors

- Ford Foundation — Seed, Series A
- Radicle Impact Partners (https://capitalatlas.ai/funds/radicle-impact-partners) — Seed, Series A
- Blue Haven Initiative — Series A
- S&P Global Ventures (https://capitalatlas.ai/funds/s-p-global-ventures) — Series A
- Tsao Family Office — Series A
- Gunung Capital — Series A
- Temasek Trust — Series A