Risilience Receives €23.9 Million Investment

Risilience, which analyzes climate change, received €23.9 million in a Series B round. Quantum Innovation Fund led this investment round. Existing investors; National Grid Partners and IQ Capital participated in the round. The startup was founded based on science in line with the need for climate analytics. The startup transforms data into actionable insights and measures climate risk in the operations of organizations. All climate-related measurements are made.

Risilience's "digital twin" technology performs stress tests against changing consumer sensitivity, constant changes and possible lawsuits. In this way, physical and transitional risk effects of organizations are also taken into consideration. If companies do not attach importance to such studies, business value will decrease by up to 30 percent in the next five years. Thanks to this startup, companies will be able to make their businesses profitable in a low-carbon economy. It will help companies balance and measure their financial impact.

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Risilience Expands SaaS Platform

Risilience is currently working with Coca-Cola Europacific Partners, Nestle, Tesco, Burberry, EasyJet and Reckitt. Jeffrey Harris, partner at Quantum Innovation Fund, made the following statement: "Risilience has been a guide for large companies operating on a core technology platform. It has helped them with climate change, finance, business models and supply chains."

Risilince CEO Dr. Andrew Coburn also made important statements. "The path to net zero is both an opportunity and a risk for global companies. We are working to understand and report the potential impacts of climate and mitigate the negative aspects." With the investment, the company will also expand its SaaS platform.