Climate X, a London-based start-up founded in 2020, has raised $1.5 million in pre-seed funding. The company helps businesses assess their assets for climate-based risk. Pale Blue Dot led the investors, which also included A100x, Possibilian, NewChic and Blue Wire Capital. It also attracted angel investors from around the world. Additionally, Eversheds Sutherland, a law firm, advised it in its funding.
Plans for the Funding
Alexandre Crépault, Climate X's Commercial Strategy Manager, said that the money will be used to accelerate delivery of much needed, next-generation, climate adaptation data and analytics to governments, business and individuals around the world.
"The threat of physical risks like flooding, wildfire, hurricanes and drought is real," he says. These e...