Nationwide Ventures backs Mitiga Solutions

Climate tech startup Mitiga Solutions has closed a €13.25 million Series A round led by Kibo Ventures, with participation from Microsoft Climate Innovation Fund, Nationwide Ventures, Faber Ventures, and CREAS Impacto.

Founded in 2018, the Barcelona-based startup offers insurers, financial institutions, and real estate firms climate risk insights. The funding will enable the company to become “the market standard” for climate score, providing companies with the necessary tools to assess, measure and report climate hazard associated risks, while scaling the use of its physics-based models “to help prevent natural hazards from becoming disasters.”

“There is a lot of potential and resilience in climate technology. We have been impressed by what Alex and the team have built; a proprietary state-of-the-art technology with multiple applications. We are delighted to support Mitiga with its vision to become a category leader while helping to reduce climate change disasters,” –  Javier Torremocha, co-founder and managing partner at Kibo Ventures.