Climate X Raises £4.1M in Seed Funding

Climate X, a London, UK-based climate risk analytics platform provider, raised £4.1M in Seed funding.

The round was led by CommerzVentures and A/O PropTech with participation from Voyagers Climate Tech Fund, Blue Impact Ventures, Deloitte LLP, David Rowan, Kat Borlongan and Renaud Visage. Pale Blue Dot led Climate X’s £1.1M (€1.3M/$1.5M) pre-seed round announced in July 2021 and provided follow-on funding in their seed round – alongside Blue Wire Capital, NewChic Capital, A100x and several others. This takes Climate X’s total funding to over £5.2M (€6.3M/$6.9M).

The company intends to use the funds to expand its customer demand and the product offering.

Climate X provides a climate risk analytics platform capable of delivering insights into climate change-related risks for global real estate. The platform acts as a vertically integrated solution that covers a comprehensive range of hazard types and achieves up to 95% performance accuracy.