Climate Analytics company Risilience has secured $26 million in Series B funding

(From left to right) Chairman and founder member, Professor Danny Ralph, Chief Client Officer, Dr. Michelle Tuveson, Founder and CEO, Dr. Andrew Coburn, CFO, Simon Powell, Chief Product Officer and founder member, Simon Ruffle.

Climate analytics firm Risilience has announced a $26 million 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.

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, that together could reduce business value by  up to 30 per cent if companies fail to act.

Risilience’s CEO, Dr. Andrew Coburn, said: “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. 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.”

By expanding its solutions and services, Risilience 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.

Quantum Innovation Fund, an affiliate of Quantum Energy Partners, provides equity capital  to growing technology-enabled businesses in the climate and sustainability sector. Jeffrey  Harris, Partner at Quantum Innovation Fund, said: “Risilience has demonstrated that its  underlying technology platform allows large companies to better understand how best to  transform their businesses and to meet the impact of climate change on their business  models, supply chains and financial performance while optimising long-term capital  allocation. The incremental capital provided in this financing round will enable the company  to better support its growing list of clients, enhance the functionality of its software platform  and expand its sales/marketing efforts.”

Kerry Baldwin, Co-Founder and Managing Partner at deep-tech investor IQ Capital, added:  “We are delighted with the continued success Risilience has shown in terms of growth and  the impact it is having on its existing client base. We look forward to their next stage.”

Risilience has been advised by Royal Park Partners as exclusive financial and strategic  advisor on the transaction.