BlueMark Raises $3.75M in Funding

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BlueMark is an NYC-based provider of impact verification services to investors and companies. It raised $3.75m.

BlueMark closed its seed round of capital raising with $2.25m in equity funding. The Ford Foundation was the lead investor, Radicle Impact was a co-investor. BlueMark also received $1.35million in recoverable grants from the Rockefeller Foundation. BlueMark received a grant from The Tipping Point Fund for Impact Investing in July 2021. This donor collaboration has the mission to scale the impact investing market with integrity. It supports research and development on best practices for reporting impact performance.

The funds will be used by the company to expand its verification services in different industries and geographies.

BlueMark, headed by Christina Leijonhufvud as CEO, is an impact verification provider with the mission of increasing accountability and strengthening trust in impact investing. BlueMark’s verification services are based on two key pillars that ensure accountability for impact.

  • BlueMark’s Impact Management Practice verifies the systems used by investors or companies to manage their impact.
  • BlueMark validates the reporting method used by investors or companies to communicate their impact strategy and goals, including performance.

BlueMark has performed more than 60 impact verifications to date for a variety of investors (e.g. private equity, infrastructure, fixed-income, public equity and multi-asset manager) and asset owners (e.g. institutional investors, development finance institution, foundations and wealth management companies).

BlueMark’s verification services include other important aspects of sustainable and Impact investing such as impact labeling and classification, in accordance with the Sustainable Finance Disclosure Regulations (SFDRs) in Europe and the UN Sustainable Development Goals. ESG practices and reporting by fund managers and portfolio companies are also included.

Tideline is a certified women-owned advisory company in impact investing. The company’s subsidiary is the company.

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