Keystone Law has advised Datamaran on the completion of $33 million Series C financing from Morgan Stanley Expansion Capital.

The ESG tech firm will use the investment to accelerate continued growth in the U.S. and advance initiatives in generative AI. The company’s software platform allows clients to monitor over 400 external risk factors and transform ESG compliance from a cost centre into a value driver.

The investment came from Morgan Stanley Expansion Capital, a growth-focused private investment platform of Morgan Stanley Investment Management, which targets late-stage growth equity and credit investments in high-growth sectors.

Keystone has previously acted for Datamaran on its Series A and Series B financings.

The Keystone team was once again led by Corporate partner Nadim Zaman and included Corporate solicitor Andrew Stilton, Corporate associate Simon Margesson, Tax partner Paul McCourt, Commercial partner Suzy Schmitz, Employment solicitor Fiona MacDonald, and trainee Gabriel Navias.

Marjella Lecourt-Alma, CEO of Datamaran, said:

“This was the largest international transaction in the company’s history and our trusted counsel, Keystone Law, once again impressed the Board with its superb partner-led service and remarkable ability to find solutions. Deal issues became quickly surmountable, and completion felt inevitable with Nadim Zaman leading the transaction.”

Nadim Zaman added:

“Having worked closely with Datamaran throughout its funding rounds, it has been a privilege to assist on, and be part of, its high-growth journey. I look forward to seeing how the company continues to expand globally following this investment.”

Morgan Stanley Expansion Capital was represented by international law firm, Wilson Sonsini Goodrich & Rosati.

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