Unwritten secures $3.5m in seed funding from Connect Ventures to model climate risk
Connect Ventures led the seed round to help integrate climate change into financial modelling.
≈ £2.8M at $1 = £0.8035 on 15 Apr 2024
Unwritten develops software that translates climate change dynamics into firm-level financial data, helping investors evaluate risks and opportunities.
London-based climate tech startup Unwritten has secured $3.5m in seed funding to integrate climate factors into capital allocation decisions. Connect Ventures led the round, with participation from Planet A Ventures, Sand River, and Adapt Nation Capital, alongside various academic and industry angels.
Founded in 2022 by former Palantir executives Dr. Phillip Marks and Amos Wittenberg, the company builds analytics tools that model the financial impact of climate change on public and private firms. The fresh capital will be deployed to expand its climate risk intelligence platform.
From the founder
"New approaches are quickly emerging to predict the impact of the climate transition on markets around the world. Unwritten brings climate economics into financial decision making, helping investors react to these seismic shifts"
Cameron Hepburn
Professor of Environmental Economics at the University of Oxford at Unwritten
Investor perspective
"The climate transition is the biggest risk and opportunity facing the global capital markets in our generation. We believe every capital allocator will utilise transition risk intelligence in the same way they do with audited financial statements today. We’re incredibly excited and proud to partner with the Unwritten team and believe they have the unique domain insights, technical capabilities and vision to build a category defining company in the emerging field of climate risk intelligence"
Rory Stirling
Partner, Connect