Previsico raises $2.4 million

London-based flood prediction technology provider Previsico  has raised $2.4 million in a Seed round of funding led by Foresight Group.

Founded in 2019, Previsico (a team of ~18) specializes in modeling flooding in real-time, using weather predictions to make street-level flood nowcasts and forecasts. Previsico’s new live flood forecasting solution will bring together on the ground IoT sensors across the UK, the latest weather data from IBM, and their unique flood modeling capabilities to address the increasing global issue of surface water flooding.

“Previsico’s mission is to be the leading provider of cutting-edge flood prediction technology, worldwide. We are gaining great traction in the market and are thrilled that Foresight, the Midlands Engine Investment Fund, and Foresight Williams Technology have recognised this, to accelerate our product development, team expansion, and sales growth, in the UK and beyond.” – Jonathan Jackson, CEO of Previsico.

“We are really excited to be working with Previsico and helping to develop this market-leading technology. Since meeting the team, we have been impressed by both the technical and commercial experience within the management team as well as the interest in the platform from a range of customers. The technology has strong ESG credentials and the company should be well placed to capitalise on some promising opportunities as it looks to grow over the coming years.” – Jordan Lavender, Investment Manager at Foresight.