The Demex Group, a Washington DC-based technology company focused on customizing and delivering climate-resilience through financial risk solutions on a global scale, raised $4.2m in seed funding.
Backers included Anthemis and IA Capital Group.
The company intends to use the funds to build out the team and to support go-to-market for municipalities and enterprise customers, which include Fortune 500 property managers.
Led by Founder and CEO Ed Byrns, The Demex Group leverages experience across technology, finance, risk management, capital markets, commodities, insurance, and climate science to develop technology and customized financial solutions that mitigate unique weather risks and seize climate-linked business opportunities. The Demex Solutions Center, the firm’s core technology, powers complex data analysis required to rapidly deliver customized transactional platforms for clients and risk providers, analyze client exposures and establish bespoke risk solutions, transfer risk to pre-certified risk carriers and proactively deepen business insight through solutions monitoring and learning loops.