Climate analytics firm Risilience has raised £21 million in a Series B funding round to help global businesses transition to the low-carbon economy. 

Led by Quantum Innovation Fund, alongside existing investors IQ Capital and National Grid Partners, the investment will allow Risilience to expand its market-leading SaaS platform to serve clients at any stage of their decarbonisation journey. 

The funds will also be used to drive international expansion, with a specific focus on the US where pending SEC rules will require climate and risk disclosures. 

Risilience was spun out of the Centre for Risk Studies at the University of Cambridge Judge Business School after identifying a growing need for science-based climate analytics. The Risilience platform turns data into actionable insights, empowering organisations to understand and quantify the scope, magnitude and timescale of climate risk to their strategies and operations. 

This allows companies to measure and balance the potential financial impacts with the cost of transitioning their business to operate more profitably in a low-carbon economy.  

Risilience works with some of the enterprise world leaders in transforming themselves for the  low-carbon economy, including Nestlé, Burberry, Coca-Cola Europacific Partners, Reckitt, easyJet and Tesco. 

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Risilience’s ‘digital twin’ technology 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.

“We believe that the road to net zero presents an opportunity as well as a risk for global enterprises and our unique combination of technology combined with world-class risk science supports our clients to mitigate risks, as well as capitalise on opportunities,” said CEO Dr Andrew Coburn.

“With companies under increasing regulatory and shareholder pressure to understand, report and mitigate their potential climate impact, this additional  equity funding will help us support them at each stage of their journey.”

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