Valo Ventures is a thesis-driven venture capital firm investing in North America and Europe. Our mission is ''investing for a brighter future'' and we do this by focusing on four catalyzing megatrends: climate change, circular economy, autonomy and empowered people. We identify and support entrepreneurs who are applying digital technologies to create long term economic, environmental and social value. Learn more at www.valoventures.org.

Valo Ventures

Social Capital is a Menlo Park-based investment firm whose mission is to advance humanity by solving the world’s hardest problems. By harnessing technology to address core human needs, they aim to drive a bottom-up redistribution of power, capital and opportunity. To achieve this, they're building a new kind of company and a platform for empowering brilliant entrepreneurs and breakthrough products. Founded in 2011, the company is based in Menlo Park, California, United States.

Social Capital

Radicle Impact is an investment fund that partners with exceptional people to build businesses where financial success creates meaningful social change.

Radicle Impact

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

Citi

Assured Guaranty is the leading provider of financial guaranty insurance. We guarantee scheduled principal and interest payments when due on municipal, public infrastructure and structured financings.

Assured Guaranty

noa is a London based Venture Capital firm investing globally focused on the transformation of the built world.

2150 backs technology companies who aim to shape the sustainable cities of the future. It was founded in 2020 and is headquartered in Copenhagen, Hovedstaden, Denmark.

2150

Dcode Capital invest alongside leading venture firms in commercially-successful, high-growth technology companies in areas that are of high priority across the U.S. government.

Dcode Capital

UrbanFootprint

UrbanFootprint is the world's first urban intelligence platform — a comprehensive urban, climate, and community resilience data system that serves mission-critical insights to the institutions that are rebuilding, financing, and insuring the world's physical and social infrastructure. UrbanFootprint’s data and web-based geospatial software unifies previously siloed climate, environmental, urban, and socio-economic data and helps governments, utilities, financial institutions, and urban planners answer fundamental resource questions — where to invest, where to deploy resources, and where to optimize for risk, return, resilience, and community.

<div>UrbanFootprint is an urban intelligence platform that combines climate and community data to derive insights and risk scores for physical and social infrastructure.&nbsp;</div>

Climate Risk Analytics

UrbanFootprint Raises $25M in Series B Funding

<div>
 
 UrbanFootprint is an urban intelligence platform that combines climate and community data to derive insights and risk scores for physical and social infrastructure.&nbsp;
 
 
 Key customers and partnerships
 
 
 
 In September 2022, UrbanFootprint partnered with Assured Guaranty, an NYSE-listed bond insurer, to launch an ESG tool for the municipal bond market. UrbanFootprint&rsquo;s Municipal Bond Insights is a data-driven tool that assesses climate risks arising from fire, flood, heat waves, sea level rise, and storm surge for the public finance industry, with nationwide ESG risk scores. The company also collaborated with Dover, Kohl and Partners, an architecture planning company, for climate-based scenario planning to predict environmental changes.&nbsp;
 
 
 Funding and financials
 
 
 
 UrbanFootprint&rsquo;s most recent funding round was in May 2022, when it raised USD 25 million in a Series B funding round led by Citi and Social Capital. The fresh funds were to be used to scale up the delivery of climate intelligence reports to organizations across the energy, finance, real estate and government sectors. A part of the funding was also to be utilized for team expansion.
 
 
 
</div>

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. In <a href="https://sp-edge.com/updates/33631">September 2024</a>, the company partnered with DNV, an assurance and risk management provider, to launch climate-driven hail risk service for solar PV across North America.&nbsp;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.

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, and in&nbsp;<a href="https://sp-edge.com/updates/34663">October 2024</a> launched a flood insurance program for California municipalities.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.&nbsp;&nbsp;

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

UrbanFootprint

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