Sensible Weather, a Los Angeles, CA-based provider of a climate finance platform, received a strategic Investment from Amex Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to advance its objective to deliver products and services that help mitigate the impacts of weather on travel, events, and outdoor experiences.
Led by Nick Cavanaugh, PhD, CEO and Founder, Sensible Weather provides a climate finance platform that combines weather, financial, and risk management technologies. The Weather Guarantee, launched in 2021, proactively reimburses travel, outdoor and event experience consumers in the event of disruptive weather. In contrast to the traditional travel protection model, Sensible automatically reimburses consumers who purchase a Weather Guarantee if a pre-set threshold of forecasted weather is met. Before disruptive weather occurs, Sensible proactively notifies consumers that a reimbursement is available, and the consumer can still take part in their planned travel or activity.
With over 50,000 Weather Guarantees sold, Sensible has helped a rapidly growing list of businesses worldwide neutralize the impact of an unpredictable climate by increasing customer satisfaction and providing incremental revenue.