Climate X raises £1.1m in pre-seed funding led by Pale Blue Dot to expand its climate risk platform.
Pale Blue Dot led the oversubscribed pre-seed round for the London-based climate risk startup.
Climate X provides a data analytics platform that projects and prices physical climate risks for buildings and infrastructure. The company helps financial institutions and asset managers protect portfolios and adapt investment strategies.
Climate X has secured £1.1m in a pre-seed funding round led by Pale Blue Dot. The capital will support the ongoing development and deployment of the company's climate intelligence platform.
Additional participants in the oversubscribed round include Blue Wire Capital, A100x, Possibilian, and the Jennifer Cheng NewChic Family Office, alongside a group of strategic angel investors. The investment follows growing demand from financial institutions and corporations preparing for upcoming regulatory reporting requirements.
The London-based startup, founded by Lukky Ahmed and Kamil Kluza, uses predictive data modelling to help organisations assess physical climate risks across millions of assets globally.
From the founder
"Climate X is bridging a gap between regulatory requirements and latest technology. We’ve built a ‘glass box’ solution combining remote sensing, a digital twin of the Earth and machine learning. By carefully balancing these components, we help satisfy both regulators, who require transparency, and users, who need detailed and understandable climate intelligence at asset-level scales."
Kamil Kluza
COO at Climate X
Investor perspective
"Lukky and Kamil are two amazing founders with the domain expertise that we believe is necessary to win in this market. We are very excited to join them on this journey and see Climate X introduced to the world,"
Heidi Lindvall
General Partner, Pale Blue Dot
Investors
Heidi Lindvall
Pale Blue Dot
Blue Wire Capital
A100x
Possibilian
Jennifer Cheng NewChic Family Office
