2 years ago

Risilience Secures $26 Million Series B to Expand Climate Risk Platform

  • Risilience, a UK-based climate analytics company, has raised $26 million in Series B funding led by Quantum Innovation Fund, with participation from existing investors IQ Capital and National Grid Partners

  • The company plans to use the funds to expand its science-based climate-risk assessment and net-zero planning platform and drive international expansion, focusing on the US where pending SEC rules will require climate and risk disclosures

  • Risilience's ‘digital twin’ technology platform enables businesses to stress test the impact of numerous transitional and physical risks on their organization, helping them make informed decisions in the low-carbon economy

  • The company works with enterprises including Nestlé, Burberry, Coca-Cola Europacific Partners, Reckitt, easyJet, and Tesco.

      • ProblemTechnology

      "Businesses are struggling to understand and mitigate the impact of climate change on their operations and financial performance. They face a complex web of risks, including increasing regulations, potential litigation, and changing consumer sentiment, which can significantly reduce their value if not addressed."

      Solution

      "Risilience offers a climate analytics platform that provides businesses with a 'digital twin' to stress test the impact of various climate risks. This platform helps businesses understand their vulnerabilities, plan for a net-zero future, and make informed decisions in the low-carbon economy."

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