Cervest secures £21.3m Series A round led by Draper Esprit to launch its Climate Intelligence platform.
The financing round was led by Draper Esprit with backing from several existing and new investors.
Cervest builds an AI-powered Climate Intelligence platform that helps organisations quantify climate risk at the asset level. The company enables enterprises, financial services and governments to model multiple weather threats across past and future decades.
Cervest has secured £21.3m in Series A funding to launch its Climate Intelligence platform and expand its presence across the US and European markets. The round was led by Draper Esprit, with participation from Astanor Ventures, Lowercarbon Capital, Future Positive Capital, TIME Ventures and UNTITLED. The fresh capital will support the company as it scales its automated platform and opens access to asset-level climate risk data for enterprises and governments.
From the founder
"Climate Intelligence is business Intelligence for managing climate risk"
Iggy Bassi
Founder and CEO at Cervest
Investor perspective
"Climate Tech has grabbed a lot of attention recently, with good reason. But solutions come from understanding the problem – Climate Intelligence is a new $40 billion market category which seeks to provide us with answers"
Vinoth Jayakumar
Partner, Draper Esprit
Use of funds
- 01Expand into international markets
Investors
Vinoth Jayakumar
Draper Esprit
Astanor Ventures
Lowercarbon Capital
Future Positive Capital
TIME Ventures
UNTITLED
