Risilience, a Cambridge, UK-based climate analytics company, raised $26M in Series B funding.
The round was led by Quantum Innovation Fund, with participation from existing investors IQ Capital and National Grid Partners.The company intends to use the funds to expand its science-based, climate-risk assessment and net-zero planning platform, and to drive international expansion, with a specific focus on the US where pending SEC rules will require climate and risk disclosures. Led by CEO Dr. Andrew Coburn, Risilience provides a ‘digital twin’ technology platform that enables businesses to stress test the impact of numerous transitional and physical risks on their organisation including increasing regulation, potential litigation and changing consumer sentiment, that together could reduce business value by up to 30 per cent if companies fail to act. By expanding its solutions and services, the company will help clients from initial climate-related disclosures through to full net-zero planning, tracking and measurement, enabling them to make informed decisions in the low-carbon economy. Risilience works with enterprise including Nestlé, Burberry, Coca-Cola Europacific Partners, Reckitt, easyJet and Tesco. 01/02/2023
