Risilience, a Cambridge UK-based climate change business platform provider, raised £6M in Series A funding.
The round was led by IQ Capital, Tokio Marine, and US MIT alumni investment fund Castor Ventures.
The company intends to use the funds to develop its platform.
Led by Dr Andrew Coburn, CEO, Risilience provides an analytics and SaaS platform for corporate businesses to assess their climate change risks and manage their transformation to reach net zero emissions. The platform’s company-specific analysis provides detailed, quantified results to support strategic decision making and business planning while balancing investment requirements.
Over the past two years, the Risilience has served companies at the forefront of managing their risks from climate change, including Nestlé, Burberry, Reckitt, easyJet, Maersk, Informa, Abrdn, and AXA XL.
The founders of Risilience are Dr Andrew Coburn, CEO; Professor Danny Ralph, Chairman; Dr Michelle Tuveson, Chief Client Officer; and Simon Ruffle, Chief Product Officer.