Previsico secures investment led by 24Haymarket to drive expansion.
The funding round was led by 24Haymarket with participation from Foresight Group.
Undisclosed
Previsico provides live flood forecasting technology using weather data, IoT devices, and flood modelling capabilities.
Previsico has completed a new funding round led by 24Haymarket with continued support from Foresight Group. The investment follows strong sales growth and builds on the company valuation achieved in 2021. The capital will support further expansion in the UK and international markets like the US.
From the founder
"We are thrilled to welcome 24H as a new investor, as this not only brings valuable funding but also provides us access to a valuable network of accomplished business leaders. It’s equally gratifying that we’ve seen a significant increase in valuation that reflects the business strong sales growth. in 2021."
JJ
Jonathan Jackson
CEO at Previsico
Investor perspective
"Previsico’s flood forecasting technology provides users with early warnings to take preventative action to reduce damage and losses from flood water. The value proposition to its customers stretches beyond loss mitigation and importantly reduces the negative social impact of flooding. We are thrilled to support Previsico’s CEO Jonathan Jackson and his wider team on this exciting journey."
PH
Paul Hewitt
Investor Director, 24Haymarket
Use of funds
- 01Expand into international markets
