The Climate Service, a Durham, N.C.-based provider of climate risk analytics solutions, raised $3.825m in Series A funding.
The round was led by Persei Venture with participation from existing investors and new investors including the Association of International Certified Professional Accountants (AICPA), and Synovia Capital.
The company intends to use the funds to accelerate its plans to expand coverage of hazards, climate scenarios and asset classes in its Climanomics® software platform.
Led by Jason McMahon, The Climate Service provides a climate risk modeling and analytics platform to investors, businesses, and governments, which enables:
– decision-making by putting a price on transition and physical risks and opportunities
– analysis and disclosure consistent with the TCFD framework
– strategic planning across multiple climate scenarios over a time period of 2020-2100.