Earth Blox secures £6m from PXN Ventures and others to scale its nature risk platform.
The funding was led by PXN Ventures with participation from Scottish Enterprise, Archangels and the European Space Agency.
Edinburgh-based technology company providing a platform that links environmental and satellite data with financial performance to assess nature and climate risks.
Edinburgh-based Earth Blox has raised £6m in a new funding round led by PXN Ventures. The round included backing from Scottish Enterprise, follow-on investment from Archangels, and financial support from the European Space Agency.
The company provides a software platform that combines satellite observations with artificial intelligence to help financial institutions and corporations evaluate nature loss and climate hazards. Earth Blox will use the capital to expand its headcount, speed up product development, and enhance its platform capabilities.
The fresh funding arrives amidst rising corporate and regulatory pressure to account for ecological dependencies. Recent industry research highlights that a substantial portion of global corporate revenues faces exposure to nature-related risks.
From the founder
"Businesses are increasingly aware that nature loss and climate risks have direct implications for financial performance, supply chains and long-term resilience. The challenge is turning complex environmental data into information that can support real business decisions. Earth Blox was built to bridge that gap, helping organisations see clearly where environmental change affects value and where investment today can strengthen future performance."
Genevieve Patenaude
CEO and founder at Earth Blox
Investor perspective
"Earth Blox’s ability to turn vast amounts of complex environmental data into clear and actionable insight for businesses and financial institutions is what attracted us to the company. We believe nature loss and climate change will increasingly shape economic performance and investment decisions over the coming decade. Platforms like Earth Blox will be critical in helping organisations understand these risks and opportunities and direct capital towards more resilient and nature-positive outcomes."
Tom Croy
Investment Director, Par Equity
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Earth Blox
Earth Blox provides environmental analytics to help organisations assess climate and nature risks.