Thilo brings extensive experience in space transportation and aerospace programmes, having held leadership roles at the European Space Agency and the German Aerospace Center.
The funding was led by PXN Ventures with participation from Scottish Enterprise, Archangels and the European Space Agency.
"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."
The funding round was led by the European Space Agency, alongside Big 5 Investors, InsurTech NY and ACF Investors.
"This capital injection will be used to fuel growth in the London and US Property and Casualty markets, and to accelerate the development of our Exposure Management and natural catastrophe modelling capabilities. This progress will be critical for improving the speed and quality of underwriters risk selection and exposure management — critical considering the increasing frequency and severity of global climate change-induced natural disasters."
The financing round was co-led by Molten Ventures and Gresham House.
"We are delighted at this show of confidence in FocalPoint from new and established investors amidst a challenging market backdrop. Our IP portfolio is strong, this injection of capital will enable us to move faster to meet the demands of several big customers in the US and South East Asia, and to accelerate our IP portfolio growth."
The insurtech startup has raised seed funding from SFC Capital and the European Space Agency to develop its technology and grow the team.
"The insurance industry is changing and adapting to the world as it evolves. Climate change is a challenge for many industries and it is innovative technology like BirdsEyeView that will help the industry to move forward. We are very excited to be a part of BirdsEyeView’s growth journey and look forward to supporting the team in as many ways as possible."
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