Five Climate Risk Assessment Startups Redefining How Risk Is Measured

Between 2000 and 2019, extreme weather events caused global economic losses exceeding $143 billion annually, equivalent to $16 million every hour. As the impacts of climate change intensify, this becomes both economically and socially unsustainable. 

 

Climate Risk Assessment (CRA) helps proactively manage risk by evaluating the potential impacts of climate change on physical assets, business operations, and infrastructure. 

 

This article features five startups helping insurers, asset managers, real estate owners, and public agencies integrate climate intelligence into decision-making. Together, these startups show how data and technology are being used to turn climate risk into a measurable, manageable part of business and policy decision-making.

 

Previsico (UK)

 

Flooding is one of the most costly and widespread natural hazards. Traditional weather forecasts often fail to quickly spot small and localized floods caused by heavy rain, which are happening more often as cities grow and the climate changes.

 

Previsico addresses this challenge with real-time hyperlocal flood forecasting to mitigate flood risk before it becomes a crisis. Their proprietary Flood Intel Platform delivers 48-hour advance warnings, updated every three hours, at the property level. This allows customers to take immediate protective action and reduces both physical and financial losses from surface water, river, and coastal floods.

 

 

Built on two decades of research at Loughborough University, Previsico’s system combines advanced hydrodynamic modelling, IoT integration, and cloud computing to generate high-resolution flood forecasts at scale. It draws from real-time weather data, sensor inputs, and environmental variables such as topography, drainage, and soil type to deliver precise, location-specific predictions. These insights help organisations deploy flood defences, safeguard assets, and coordinate response with confidence.

 

Insurers use Previsico’s forecasts to reduce claims losses and improve customer engagement. Businesses and public agencies apply the insights to strengthen emergency planning and protect critical infrastructure.

 

Previsico raised seed funding in March 2025 from Burnt Island Ventures and Foresight Capital Ventures to support its expansion into the US market.

 

Reask (Australia)

 

Reask delivers advanced climate risk intelligence to insurers, asset managers, and governments seeking to navigate the growing volatility of extreme weather. The company leverages machine learning and climate physics to improve risk pricing, exposure management, and resilience planning which traditional catastrophe models lack.

 

Reask was founded in 2018 in Sydney by Nick Hassam and Thomas Loridan, inspired by a research paper they had worked on applying machine learning to improve tropical cyclone wind models.

 

Reask’s platform offers high-resolution, AI-driven simulations of natural hazards across historical and future scenarios. It provides probabilistic hazard maps, event catalogues, and localized risk data for events like tropical cyclones, droughts, and wildfires. Its near-term forecasting capabilities help organisations anticipate seasonal risk trends and adjust portfolios accordingly.

 

 

Insurers use Reask’s catastrophe modelling to refine pricing strategies, improve exposure analytics, and develop parametric insurance products in high-risk regions. Governments and large asset holders rely on the data to strengthen response planning and reduce exposure to climate-induced losses.

 

Reask secured $4 million in early-stage funding in March 2025 from BlueOrchard’s InsuResilience Investment Fund to accelerate its expansion beyond cyclone modelling and scale its catastrophe risk solutions globally.

 

Ocean Ledger (UK)

 

Ocean Ledger provides high-resolution geospatial intelligence for coastal climate risk assessment, adaptation planning, and sustainable infrastructure development. Traditional coastal monitoring methods lack the resolution and accuracy needed to address the rising impacts of erosion, flooding, and habitat loss. Ocean Ledger fills this gap with satellite-driven analytics that deliver site-specific forecasts for changing coastal conditions.

 

Founded in 2023, Ocean Ledger combines advanced remote sensing, machine learning, and spatial modelling to monitor and forecast shoreline change, underwater topography, and coastal ecosystem. Its analytics-as-a-service platform supports engineering firms, municipalities, insurers, and environmental services in evaluating physical risk and identifying early-stage intervention points.

 

 

Ocean Ledger emerged from a unique collaboration between marine biologist and ex-Barclays investment banker Paige Roepers and Dr. Dimos Traganos, a leading expert in coastal remote sensing. Roepers discovered Traganos’ research on aquatic earth observation during her research on blue economy financing. Their partnership led to Ocean Ledger’s formation, combining financial acumen with scientific depth. 

 

The platform is designed to deliver scalable, cost-effective insights for infrastructure resilience, environmental compliance, and sustainable finance. Users can simulate future risk scenarios, detect anomalies in shoreline movement, and monitor ecosystem change with precision addressing a critical gap as coastal infrastructure faces increasing losses from climate change.

 

Ocean Ledger secured $972.37K in pre-seed funding in March 2025 from Ananda Impact Ventures and Silverstrand Capital.

 

Telescope (Norway)

 

Telescope empowers real estate owners with AI-powered tools to assess, manage, and mitigate sustainability risks across property portfolios. Founded in Norway in 2022 by Gustav Haaland, Marit Bjerkreim, and Mathias Wahl, the company brings together expertise in sustainability, data science, finance and property technology. While sustainability reporting is fast becoming mandatory, particularly in the EU, the traditional risk assessment process remains costly, time-consuming, and reliant on outdated methods.

 

Telescope replaces this fragmented approach with a fast, user-friendly digital platform. Users can enter property addresses to instantly identify risks such as wildfire exposure, flooding, soil contamination, and biodiversity restrictions. The system delivers science-based recommendations for risk mitigation, drawn from a combination of AI, proprietary research, and historical assessments.

 

 

In addition to property-level reports, Telescope offers portfolio-wide visibility, enabling asset managers to track and manage environmental risks across multiple locations. These insights help improve loan terms, protect long-term asset value, and support compliance with evolving disclosure requirements.

 

By transforming weeks of manual work into seconds, Telescope positions itself as a first mover in climate risk intelligence for real estate. Its actionable insights reduce friction across due diligence, financing, and reporting workflows.

 

Telescope secured $4 million in seed funding in March 2025 from Scale Capital and Dreamcraft Ventures.

 

Fairly Made (France)

 

Fairly Made is a supply chain intelligence company helping fashion brands recognize and reduce the environmental and social impact of their products. The company was co-founded by Laure Betsch and Camille Le Gal in 2018, driven by a shared commitment to advance sustainability in the fashion industry.

 

As sustainability regulations tighten and consumers demand greater accountability, many brands struggle with outdated tools, fragmented supplier data, and resource-intensive processes. Fairly Made addresses this challenge with a 360° SaaS platform to bring structured, data-driven solutions to improve transparency and sustainability practices. The platform helps track supply chains of raw materials, measure environmental and social impact across all stages of production, and integrate ecodesign principles into product development.

 

 

Fairly Made also offers life cycle assessments, digital product passports, and compliance support to help brands meet evolving expectations from both regulators and consumers. By integrating traceability and impact measurement into one platform, Fairly Made reduces supplier fatigue and simplifies the path to credible sustainability.

 

The company raised $16.85 million in Series A funding in April 2025 from BNP Paribas Solar Impulse Venture Fund, GET Fund, and others.

 

Climate risk assessment startups are changing how we anticipate impact

 

As climate volatility becomes a defining factor in economic and operational planning, climate risk assessment is fundamental to running an organization. The startups highlighted in this article are part of a growing wave of companies turning complex environmental data into actionable insights for decision-making. They are helping insurers reduce exposure, governments plan ahead, businesses protect assets, and financial institutions meet regulatory expectations.

 

These solutions represent a shift in how climate risk is measured, communicated, and acted upon. By integrating geospatial analytics, real-time forecasting, and machine learning, these startups are reshaping how climate risks are assessed at the scale and speed today’s world demands.

 

The next article in our Climate Risk Assessment series explores the investment trends influencing the sector, highlighting where capital is flowing, which regions are emerging as innovation hubs, and the breakthrough technologies capturing investor attention.