Leading Climate Change Risk Analysis Platform Risilience Raises £ 6million Series A Funding Led by IQ Capital to Extend Net Zero Transformation for Businesses
Posted: October 21, 2021 at 9:00 a.m. EDT|Update: 1 hour ago
CAMBRIDGE, England, 21 October 2021 / PRNewswire / – Risilience â¢, the leading business platform on climate change, announced a Â£ 6million Series A investment from international investors led by IQ Capital. The investment will be used to develop the leading Risk Analysis and SaaS platform for businesses to assess their climate change risks and manage their transformation to achieve net zero emissions.
Risilience’s ambitious growth trajectory aligns well with companies taking action to address climate change risks. Over the past two years, the team has helped companies at the forefront of managing their climate change risks, including NestlÃ©, Burberry, Reckitt, easyJet, Maersk, Informa, Abrdn and AXA XL. Risilience’s current corporate customer base has committed to eliminating an annual total of 240 million tonnes of CO2e emissions – the equivalent of the annual carbon emissions produced by Spain.
A fifth of all large companies have now committed to a net zero goal, and many more are expected to do so in the coming months. Risilience believes that inaction would dramatically erode the earnings value of many companies over the next several years due to rising carbon tax costs and pressures from consumers and investors. By taking proactive steps to transform their business now, the business benefits far outweigh the costs of implementation. However, achieving the net zero goal is a long and complicated process for large organizations, and many companies do not yet have a clear strategy in place to achieve this goal.
Risilience provides solutions that apply the approaches developed by the Center for Risk Studies in Cambridge University, Judge Business School, from which he came. Cambridge has a reputation as a world leader in the application of climate science, combined with corporate finance and scenario development – using behavioral science and economic modeling. The Risilience Platform integrates data sets and tools that enable companies to quantify the risks they face as a result of inaction and assess the benefits they will derive from deploying the right management strategies.
The Series A funding round included lead investor IQ Capital, multinational insurance company Tokio Marine, and US MIT alumni investment fund Castor Ventures.
Dr. Andrew Coburn, CEO of Risilience, said: âWe are delighted to have the support of IQ Capital, Tokio Marine Holdings and Castor Ventures in our ambitious plan to provide world-class solutions to businesses to reduce their risk. exposure to climate change. We selected these investors for their ability to partner with us and add expertise and access to key market sectors. “
Kerry Baldwin, Managing Partner of IQ Capital who led the cycle, commented: âRisilience combines technology, science, customer base and academic rigor to make a real and practical difference in the fight against climate change. This is an example from a UK company helping the world’s largest companies achieve and demonstrate a net zero transition. “
Tokio Marine invests in Risilience to facilitate new insurance products and services to protect commercial companies against the risks of climate change and to encourage sustainable practices in their corporate customers.
Castor Ventures, which builds diversified venture capital portfolios for alumni Massachusetts Institute of Technology, invests in Risilience to spread emissions management technology to US companies.
Risilience is an in-depth, data-driven analytics platform that enables companies operating around the world to understand the transformational benefits of effective enterprise risk management and how to prioritize implementation. Risilience brings a detailed understanding of management science to the challenges of business transformation. Resilience products and services give business leaders a competitive advantage in managing their risks and opportunities related to climate change and other business risks through the application of research frameworks developed by the Cambridge Center for Risk Studies at Cambridge University, Judge Business School. The Risilience Platform’s business-specific analysis provides detailed and quantified results to support strategic decision-making and business planning while balancing investment needs driven by future scenarios.
The founders of Risilience are Dr Andrew Coburn, CEO; Professor Danny ralph, President; Dr. Michelle tuveson, head of clientele; and Ruffle simon, Product manager. They combine many years of experience in business risk modeling with academic leadership in business studies for risk management.
About IQ Capital
IQ Capital is the premier deeptech venture capital firm based in London and Cambridge which invests in early stage deeptech companies using technology that is difficult to replicate in massive global markets – in industries such as software, hardware, materials, healthcare technology and life sciences. IQ Capital was nominated for Venture Capital Fund of the Year 2021 at this year’s GP Bullhound Investor Allstars.
The 50+ companies in IQ Capital’s portfolio are visionaries and tackle some of the world’s most important issues to dominate their respective markets globally and grow rapidly to become industry leaders. Our initial investments in Seed and Series A range from Â£ 0.5million to Â£ 10million, with a follow-on investment capacity of up to Â£ 30million through our growth fund.
The IQ Capital team has completed more than 20 exits, to companies such as mergers and acquisitions with Apple, Google, Facebook, Oracle and several IPOs. IQ Capital has made more than 30 investments over the past three years in exceptional companies, including Thought machine, Privitar, FNA, Paragraf, causaLens, Neurovalens, Concirrus, Fluidic Analytics, CybSafe, Nyobolt.
About Tokio Marine
Tokio Marine Group consists of Tokio Marine Holdings and its subsidiaries and affiliates located around the world, operating largely in the non-life insurance, life insurance and financial and general business. As the oldest and largest Japanese property and casualty insurer (established in 1879), Tokio Marine Group has expanded its business globally from domestic non-life insurance to life insurance and international insurance. . With a presence in 46 countries and growing, Tokio Marine ranks among the most diversified insurance groups in the world and the most financially secure.
About Castor Ventures
Castor Ventures is a network-fed venture capital fund for a community of MIT former investors, entrepreneurs and friends. As part of Alumni Ventures, we create and deliver diversified and personalized venture capital portfolios for accredited investors, investing alongside other established venture capital firms in a wide range of businesses. Our network is our source of capital and differentiation. Our community allows us to access exciting new investments and add value to our portfolio companies. We seek to grow, engage and learn with an inclusive community of stakeholders to create businesses that make a difference.
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