Total amount raised
£19.2 Million
Latest funding date
2024-06-26
Location
Climate X specializes in translating physical climate risks into financial loss metrics, quantifying capital expenditure for adaptation investments, and providing asset-level visibility across millions of companies. The company’s innovative platforms, such as Spectra, Adapt, and Carta, are trusted by leading global financial institutions.
Keep reading to explore the intricacies of Climate X's fundraising journey and the investors backing this innovative platform.
What Is Climate X?
Climate X is a company specializing in climate risk data and analytics, helping organizations understand and mitigate the impacts of climate change on their assets and portfolios. The company serves industries such as financial services, real estate, and asset management.
Based in the United Kingdom and the United States, Climate X offers products like Spectra, Adapt, and Carta, which provide tools for assessing climate risks, planning adaptation investments, and mapping portfolio exposures. Trusted by leading global financial institutions, Climate X aims to turn climate risk into a competitive advantage for its clients.
How Much Funding Has Climate X Raised?
- Pre-Seed Round
- Amount Raised: USD 1,500,000
- Date: July 2021
- Lead Investors: Pale blue dot
- Seed Round
- Amount Raised: USD 5,500,000
- Date: March 2022
- Lead Investors: CommerzVentures, noa
- Series A Round
- Amount Raised: USD 18,000,000
- Date: June 2024
- Lead Investors: Google Ventures
Climate X has raised a total of USD 25,000,000 across all funding rounds.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, healthcare, life sciences, artificial intelligence.
- Notable Investments: Uber, Slack, Medium.
- CommerzVentures
- Details: CommerzVentures is the corporate venture capital arm of Commerzbank, focusing on early and growth-stage companies. It aims to support innovative financial services and insurance technology startups.
- Investment Focus Areas: Fintech, insurtech, regtech.
- Notable Investments: Mambu, eToro, Marqeta.
- noa
- Details: noa is a venture capital firm that invests in early-stage technology companies. It aims to support startups that are driving innovation and creating new market opportunities.
- Investment Focus Areas: Technology, software, digital media.
- Notable Investments: Not publicly disclosed.
- Pale blue dot
- Details: Pale blue dot is a climate-focused venture capital firm that invests in early-stage companies addressing climate change. It aims to support startups that are creating solutions for a sustainable future.
- Investment Focus Areas: Climate tech, renewable energy, sustainable agriculture.
- Notable Investments: Not publicly disclosed.
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