Risilience secures £21m Series B funding led by Quantum Innovation Fund to expand its climate analytics platform.
Quantum Innovation Fund led the Series B round, with participation from IQ Capital and National Grid Partners.
Climate analytics firm providing software tools to help global enterprises manage their transition to a low-carbon economy. The company was spun out from the University of Cambridge Judge Business School.
Risilience has raised £21m in a Series B funding round led by Quantum Innovation Fund, with participation from existing backers IQ Capital and National Grid Partners. The company will use the capital to scale its software platform, enhance its market reach, and drive international growth with a specific focus on the United States.
The Cambridge-based climate analytics firm translates academic risk research into actionable insights for major enterprise clients. Its digital twin technology enables corporations to stress test their operations against various climate risks and regulatory changes.
From the founder
"We believe that the road to net zero presents an opportunity as well as a risk for global enterprises and our unique combination of technology combined with world-class risk science supports our clients to mitigate risks, as well as capitalise on opportunities. With companies under increasing regulatory and shareholder pressure to understand, report and mitigate their potential climate impact, this additional equity funding will help us support them at each stage of their journey."
Andrew Coburn
CEO at Risilience
Investor perspective
"Risilience has demonstrated that its underlying technology platform allows large companies to better understand how best to transform their businesses and to meet the impact of climate change on their business models, supply chains and financial performance while optimising long-term capital allocation. The incremental capital provided in this financing round will enable the company to better support its growing list of clients, enhance the functionality of its software platform and expand its sales/marketing efforts."
Jeffrey Harris
Partner, Quantum Innovation Fund
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Invest in sales and marketing
Investors
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About the company
Risilience
Risilience provides climate analytics software that helps global enterprises manage their low-carbon transition.