Climate X, a London-based startup that specializes in providing climate risk monitoring tools to financial institutions and asset managers, has successfully raised £14 million to fund its U.S. expansion. The Series A investment round was led by Google Ventures, with additional contributions from Pale Blue Dot, Blue Wire Capital, PT1, Unconventional Ventures, Western Technology Investment (WTI), CommerzVentures, and A/O PropTech. Since its founding in 2020, Climate X has secured key clients including Legal & General, BRE, and Virgin Money. Aiming to revolutionize the climate adaptation market, Climate X utilizes digital twins and data-driven models to predict climate risks to real estate and other assets. The company is now focusing on extending its reach across Europe, North America, and Asia-Pacific, starting with a new commercial team in New York. The escalating climate risks necessitate innovative solutions, and Climate X aims to fill this gap with advanced technology solutions.

Climate Technology, Financial Services, Real Estate,United Kingdom, United States, Europe, Asia-Pacific

Climate X raises £14m to fuel US expansion