Climate X Secures $18M to Expand Climate Risk Modeling

The UK-based startup plans to use the funds to grow its presence in the US and enhance its data analytics platform for financial institutions.

Climate X offers insights into climate risks on asset valuations for financial services clients.
The Series A funding round was led by Google Ventures with participation from multiple investors.
Founded in 2020, the company has rapidly grown to serve clients with over $6.5 trillion in combined assets under management.
Climate X's platform models the impact of 16 climate hazards across eight warming scenarios over a 100-year period.
The new funding will support US expansion and increase staff to around 75 by next year.