Momentum Partners clear ambition is to build the leading consulting environment in Western Norway within our service. They create value and growth for their clients through a wide range of services with an operational approach to strategy development and profitability improvement.

Momentum

Construct Venture is a NOK 80M joint fund between AF Gruppen and OBOS making investments in building and construction industry.

Construct Venture

Obos VC

Scale Capital is a Danish venture fund from 2012 investing in Nordic B2B tech startups at Seed/Series A and helping them win in the US. We write €1-4M checks for companies with a strong proof of business model.  Investment themes: Impact, Digital Health, Future of work, Deep tech, and Industrial tech. Our team is headquartered in Copenhagen, Denmark with offices in NYC and Silicon Valley.

Scale Capital

7Analytics

7Analytics is building a unique data platform for sustainable planning of the future.

7Analytics, a Norwegian flood intelligence startup, specializes in high-precision risk assessment tools for sustainable stormwater management and climate adaptation. The company leverages hydrology, geology, and data science to develop advanced modeling and AI-driven solutions. Its product suite includes FloodCube Planning for stormwater management, FloodCube Realtime for real-time flood warnings, InzureFlood for insurance risk assessment, GeoCube, and RiskCube—all designed to improve decision-making and resilience to climate risks​.

Climate Risk Analytics

7Analytics Raises €4m To Help Insurers Manage Flood Risk

7Analytics, a Norwegian flood intelligence startup, specializes in high-precision risk assessment tools for sustainable stormwater management and climate adaptation. The company leverages hydrology, geology, and data science to develop advanced modeling and AI-driven solutions. Its product suite includes FloodCube Planning for stormwater management, FloodCube Realtime for real-time flood warnings, InzureFlood for insurance risk assessment, GeoCube, and RiskCube—all designed to improve decision-making and resilience to climate risks​.Key customers and partnershipsAs of May 2024, more than 40 customers were using the platform. Notable customers included Bergen Water Utility, OBOS Real Estate, Municipality of Bergen, Skanska, and Multiconsult. These customers use 7Analytics' tools for improved flood risk management, planning, and compliance. The company serves a wide range of industries, including insurance, real estate, infrastructure, and energy. In May 2023, 7Analytics and StormGeo, a Norwegian weather intelligence company, secured their first commercial partnership with TotalEnergies in Houston, Texas, to provide 24/7 flood risk monitoring.Funding and financials7Analytics’s most recent funding was in <a href="https://sp-edge.com/updates/29477">May 2024 </a>, when it raised EUR 4 million (USD 4.4 million) in a seed funding round led by Scale Capital. In September 2022, the company raised USD 2.5 million in a seed funding round led by Momentum Partners. The funding was used to expand its operations, particularly in the US, with plans to expand in the disaster prediction space. Part of the funding was also used to accelerate the development of its climate risk management solutions.

Tomorrow.io (formerly called ClimaCell) is a short-term weather analytics platform, serving businesses across a wide range of industries, including aviation, energy, insurance, on-demand companies, professional sports and venues, and logistics, as well as government agencies globally.The company’s proprietary Weather and Climate Security platform uses machine learning to translate hyperlocal forecasts into actionable insights for business decision-making. The platform aggregates real-time data from existing numerical weather prediction models to provide customized climate risk dashboards and alerts for businesses using AI and machine learning. Tomorrow.io’s key value proposition is its five-day advanced warning on adverse weather.In May 2023, the company launched its first satellite, Tomorrow-R1, the world’s first commercially built weather-radar satellite. Tomorrow.io launched a second satellite (R2) in <a href="https://sp-edge.com/updates/19726">June 2023 </a>. This makes Tomorrow.io the first company to launch precipitation radar-equipped satellites following NASA’s GPM satellite.Key customers and partnershipsTomorrow.io was serving 1,000+ customers as of November 2022, which included some high-profile clients such as Microsoft, Uber Technologies, Ford Motor Company, Delta Airlines, JetBlue Airways, National Grid and the U.S. Air Force.Funding and financialsTomorrow.io’s most recent funding was in <a href="https://sp-edge.com/updates/19726">June 2023 </a>, when it raised USD 87 million in a Series E funding round led by Activate Capital. The funds were used to launch the complete constellation of 20 satellites. In March 2021, Tomorrow.io raised USD 77 million in a Series D funding round led by Stonecourt Capital, to launch more radar-equipped satellites and to improve the company's overall product offering.

Tomorrow.io

Climavision offers an AI-powered radar-as-a-service solution to provide real-time weather prediction models and analytics. Climavision was a spin-off of Enterprise Electronics Corporation (EEC), a weather radar and satellite service provider. The company develops a private network of weather radars and satellites to fill in the coverage gaps across existing National Oceanic and Atmospheric Administration (NOAA) and National Weather Service (NWS) systems. This reportedly allows Climavision to collect additional data points to provide more accurate weather predictions than those solutions that only use legacy weather data.Climavision’s product offering includes Radar-As-A-Service (RaaS), Numerical Weather Prediction with GPS Radio Occultation (RO), and Numerical Weather Prediction with GPS-RO+ Radar. 1) RaaS provides real-time weather data, via Climavision's proprietary sensing network. 2) Numerical Weather Prediction with GPS-RO is a numerical weather prediction model. 3) Numerical Weather Prediction with GPS-RO+ Radar leverages the real-time power of Climavision’s sensing network. In <a href="https://sp-edge.com/updates/21793">September 2023</a>, Climavision installed its weather X-Band weather radar system in Alabama, to fill a low-level coverage gap in the Appalachian Plateau region. &nbsp;In <a href="https://sp-edge.com/updates/30169">June 2024</a>, the company launched a new product suite called Horizon AI to support the renewable energy sector. The suite improves the accuracy and scope of forecasting models by integrating machine learning and AI-based tools.In <a href="https://sp-edge.com/updates/30156">May 2024</a>, Climavision acquired Intersphere, a sub-seasonal to seasonal (S2S) weather forecasting platform (up to a year in advance), to enhance AI-powered weather prediction.&nbsp;Key customers and partnershipsIn June 2022, the company partnered with GE Digital, a provider of machine data to produce analytics and insights, to support the latter’s customers, improve their weather prediction ability, and better plan for severe storm events. Previously, in February 2022, the company added Cargill, a food and agricultural company to its customer portfolio.In June 2021, Climavision also entered into a strategic collaboration with GeoOptics, an Earth remote-sensing provider, to improve its weather forecasting solutions.Funding and financialsClimavision’s most recent funding round was in June 2021, when it raised USD 100 million in a Series A funding round led by The Rise Fund.

Climavision

Jupiter Intelligence provides climate risk analytics solutions across private and public sectors by incorporating AI and machine learning for predictive climate modeling. Jupiter covers a range of natural disasters such as flood, wind, heat, cold, wildfire, drought and water stress, hail, and extreme precipitation.As of November 2022, the company offered its solutions across 30+ companies in the Global 2000, US Department of Defense, and Federal Emergency Management Agency (FEMA). Jupiter serves across 20 sectors including banking, chemicals, insurance, pharmaceuticals, agriculture, and construction and provides customers with access to nearly 150 trillion data fields using cloud-based supercomputing. The company offers its risk analytics solutions via web-based applications, reports, through an API, and consulting engagements.Jupiter’s ClimateScore Intelligence Platform claims to predict natural disasters from one-hour to 50+ years in advance. The company also offers a ClimateScore Planning suite, which includes FloodScore, HeatScore, WindScore, FireScore and ClimateScore Global solutions for climate risk assessment. As of November 2022, Jupiter’s platform was priced at USD 1 million per year and upward.Key customers and partnershipsIn June 2022, the company partnered with Boston Consulting Group (BCG) to incorporate Jupiter’s climate analytics into BCG’s ClimateImpact.AI platform. In August 2022, Jupiter collaborated with Aon, a professional services firm, to address climate change for financial institutions’ balance sheets, identification of climate risks, and quantification of climate-related disclosure regulations. In January 2023, the company partnered with <a href="https://sp-edge.com/updates/15706">FORVIS </a>, an accounting and advisory company, to develop a climate risk modeling tool. In March 2024, Jupiter entered into a strategic agreement with <a href="https://sp-edge.com/updates/27657">Jones Lang LaSalle (JLL) </a>, an NYSE-listed real estate and investment management company, to provide AI-powered climate risk analytics for properties and portfolios. Jupiter’s customers include Hawaiian Electric, Zurich, conEdison, bp, Liberty Mutual, QBE, MS&amp;AS Insurance, Terna, Bephila, New York City, City of Miami, NASA, and US Department of Housing and Urban Development.Funding and financialsJupiter’s most recent funding was in October 2021, when it raised USD 54 million in a Series C funding round co-led by Clearvision Ventures and MPower Partners. The proceeds were to be used to expand sales, support customer demand, and scale up its R&amp;D activities.

Jupiter Intelligence

ClimateAi provides climate risk modeling solutions across global supply chains. The company states that its digital platform monitors short-term, seasonal, and long-term climate risks, ranging from one day to 50+ years into the future. ClimateAi’s proprietary AI modeling platform optimizes supply chain operations from production planning, demand estimation, and inventory management to ensure minimum climate disruption across supply chains. The company also launched its Enterprise Climate Planning (ECP) platform, to quantify climate impacts and provide business-specific insights in order to mitigate climate risks across supply chains.Key customers and partnershipsAs of November 2022, the company was working with 20+ food and agricultural companies across 35 countries.Funding and financialsClimateAi’s most recent funding was in April 2023, when it raised <a href="https://sp-edge.com/updates/17753">USD 22 million </a>in a Series B funding round led by Four Rivers Group. Previously in July 2021, the company raised USD 12 million in a Series A funding round led by Radical Ventures. The proceeds were utilized to expand its platform offering from existing food and agricultural companies to other industry supply chains. Part of the funds were also used to expand the company’s geographical footprint across India and Japan.

ClimateAi

Floodbase (formerly Cloud to street (C2S)) is a flood intelligence platform powered by satellites, machine learning, and on-the-ground observation data to track flood-events in real time. The company’s proprietary satellite imagery, historical data, and flood modeling provide governments and insurance companies with precise data to monitor people and assets at risk, identify blocked roads, and measure property and agricultural damage. The company utilizes 15 satellites to gather flood data.Floodbase also offers a Global Flood Database, a free and an open-sourced platform, which has mapped nearly 913 flood events across 169 countries globally as of November 2022.Key customers and partnershipsFloodbase supported 28 governments and institutions as of November 2022. The company’s customers include WillisRe, an insurance subsidiary of Willis Towers Watson. WillisRe adopted C2S’s platform to optimize its actuarial models in markets like Indonesia.In June 2022, the company partnered with two parametric insurance platforms, Raincoat and Munich Re Group, to deploy the world’s first parametric flood insurance program. Since then, Raincoat has leveraged Floodbase’s flood data to develop a platform that allows payouts to insured farmers within days of a disaster. In October 2023, the company partnered with <a href="https://sp-edge.com/updates?industryIds=124">Ag Guard </a>to provide parametric flood insurance programs for farmers and governments in Australia and New Zealand in 2024. In December 2023, Floodbase collaborated with <a href="https://sp-edge.com/updates/24786">Oneglobal </a>, a UK-based insurance broker, to provide flood insurance solutions for the Asian market. In January 2024, the company partnered with <a href="https://sp-edge.com/updates/25834">Capella Space</a>,, a space tech firm, to leverage high-resolution satellite data for parametric insurance payouts. In August 2024, Floodbase partnered with <a href="https://sp-edge.com/updates/32691">Amwins</a>, a specialty insurance distributor, to launch the Tees-to-Green flood insurance program for US golf courses.Funding and financialsThe company’s most recent funding was in January 2023, when it raised USD 12 million in a Series A funding round led by Lowercarbon Capital, alongside participation from Collaborative Fund, Floating Point, and Vidavo.

Floodbase

Forecasts weather for up to 14 days by using AI/ ML solutions

Forecasts weather for up to 14 days by using other next-generation solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using AI/ ML solutions

Forecasts long-term climate risks (for up to ~50-80 years into the future) by using other next-generation solutions

Provides long-term climate risk analytics to cover the gap in traditional insurance products

Provides climate risk scores for third-parties

Uses AI/ML tools to forecast climate risks for up to ~50–80 years

Provides tools to identify future hazards to protect industries like agri and insurance

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 The Norwegian startup 7Analytics, which specializes in flood intelligence, has secured EUR 4 million, the equivalent of USD 4.4 million, in a seed funding round. The lead investor was Scale Capital, and this recent cash influx brings the total funding raised by 7Analytics to USD 6.8 million.
 
 7Analytics intends to utilize this funding to broaden its operations, especially focusing on the United States. The company also aims to enhance its presence in the disaster prediction sector. Part of the financing will be allocated towards enhancing its artificial intelligence and machine learning capabilities, with the goal of developing highly precise flood and landslide prediction models.
 
 7Analytics was established in 2020 and employs hydrology, geology, and data science methodologies to its AI-driven product suite. This approach allows them to develop highly accurate risk models that are beneficial for asset owners and insurers to predict climate-related risks. The product suite of the company includes InzureFlood, FloodCube Realtime, FloodCube Planning, RiskCube, and GeoCube. As of May 2024, the platform is being used by over 40 clients.

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7Analytics

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