Risilience raises $8.4 million
Climate change business platform Risilience announced a Series A investment of $8.4 million led by IQ Capital, with participation from Castor Ventures and Tokio Marine (Asia). The Japanese insurer is investing in Risilience to facilitate new insurance products and services to protect commercial businesses from the risks of climate change and incentivize sustainable practices in their corporate client base.
Launched in 2021, Risilience is a “deeptech, data-driven analytics platform” offering climate and enterprise risk management solutions. Over the past two years, the team has been helping companies to manage risks from climate change including Nestlé, Burberry, Reckitt, easyJet, Maersk, Informa, Abrdn, and AXA XL.
The investment will be used to develop Risilience’s analytics and SaaS platform for corporate businesses to assess their climate change risks and manage their transformation to reach net zero emissions.
“We are delighted to have the support of IQ Capital, Tokio Marine Holdings, and Castor Ventures in our ambitious plan to provide world-class solutions for businesses to de-risk their exposure to climate change. We selected these investors for their ability to partner with us and add expertise and access to key market sectors.” – Dr Andrew Coburn, CEO of Risilience.
“Risilience combines the technology, science, customer base and academic rigor to make a real and practical difference in the fight against climate change. This is an example of a British business helping the world’s largest companies to achieve and evidence net zero transition.” – Kerry Baldwin, Managing Partner of IQ Capital.