Sust Global secures £2.3m in seed funding led by Hambro Perks to expand its climate analytics platform
Hambro Perks led the seed investment, which will fund team expansion and market growth.
Sust Global builds a geospatial product that delivers high-resolution climate risk data and near real-time emissions insights across global assets. The firm integrates satellite and ground-based data with global climate models to serve clients in sectors such as real estate and banking.
Sust Global has raised £2.3m in a seed financing round led by Hambro Perks. Additional backing came from Vala Capital, Powerhouse Ventures, Thirdstream Partners, and various angel investors.
The capital will be deployed to expand both the commercial and technical teams at Sust Global. Furthermore, the company intends to push its climate product into fresh markets including real estate and banking.
The startup employs a geospatial-first approach to combine satellite observations, ground sensor outputs, and forward-looking climate models. This enables the delivery of transparent climate risk analytics and emissions metrics to financial institutions, data providers, and corporate clients.
From the founder
"At the UN’s COP26 summit, world leaders, CEOs and celebrities will announce promises to address the climate crisis. But how hollow are these promises? Corporates, investors and governments are accused of greenwashing and will likely fall short of their commitments. A large part of this is due to a lack of accurate, validated and transparent data."
Josh Gilbert
CEO at Sust Global
Investor perspective
"The challenge for the next generation of climate risk solutions will be integration. Accurate and efficient sourcing, validation, and integration of data for specific customers needs to be done in a scalable manner,"
Emily Kirsch
Founder & Managing Partner, Powerhouse Ventures
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
Sust Global
Sust Global develops geospatial software for climate risk and emissions analytics.