Sensible Weather combines weather, financial, and risk-management technologies to deliver embedded climate finance products for travel, events, and outdoor experiences. Its first product, the Weather Guarantee (launched in 2021), proactively reimburses consumers when pre-set forecast thresholds for disruptive weather are met. The Weather Guarantee is sold through thousands of partner websites to Americans and Europeans traveling globally and allows consumers to still take part in planned activities while receiving reimbursement. Sensible reports over 50,000 Weather Guarantees sold and attach rates up to 5x higher than traditional travel insurance offerings. The product is intended to help businesses mitigate weather-related cancellations and lost revenue while increasing customer satisfaction and incremental revenue. The company says the new investment will help it better deliver seamless products and services to mitigate the impacts of disruptive weather. Sensible Weather builds Weather Guarantee products that quantify and manage weather risk for consumers and outdoor-experience partners, reimbursing tee times and travel costs for rain, extreme temperatures, or other undesirable weather. Its Weather Guarantee is built on satellite imagery and climate analytics developed from over a decade of research. The company says the service streamlines operations for partners, increases customer satisfaction, reduces cancellations and rain checks, and generates incremental revenue for facilities. Sensible Weather plans to expand its Weather Guarantee protection to golf and other outdoor-sports booking channels. The additional capital will support continued development of its proprietary climate data and risk analytics platform. Sensible Weather was founded in 2019 and is backed by a National Science Foundation grant and $22M in total financing to date. Sensible Weather operates a climate data and risk analytics platform powering its Weather Guarantee product, which automatically reimburses consumers when forecasted weather negatively impacts a booked experience. Since launching earlier in the year, the company has sold thousands of Weather Guarantees via hospitality and outdoor recreation partners. The Weather Guarantee processes payments immediately and prorates reimbursements based on the number of hours an experience is impacted by weather. Sensible is building a high-performance climate engine with data, analytics and risk-assessment components designed to SaaS standards and to be use-case agnostic. The company plans to use new funding to grow its engineering and scientific talent, accelerate development of its proprietary platform, and expand the Weather Guarantee offering into international markets. Nick Cavanaugh leads the company as CEO. Sensible Weather’s core product is a partner-branded Weather Guarantee built on its proprietary Climate Risk Platform, a high-performance data, analytics, and risk-assessment engine. The service calculates pricing in real time, identifies covered events programmatically on an hourly basis, and fulfills same-day reimbursements for weather impacts such as rain. Payouts are processed immediately and are based on the number of hours an experience is negatively impacted (for example, three hours of rain on a covered hotel stay triggers a 100% payout of the average daily rate). The platform will soon support additional weather events including snow, wind, and air quality, and Sensible plans to roll out consumer-focused climate finance products into other industries. Sensible is live with travel-oriented Weather Guarantees and sells protection through experiential brand partners, who benefit from new revenue and improved conversion and guest experience. The company was launched in 2019 by Nick Cavanaugh, Ph.D., and is expanding its engineering and science team while investing further in its climate data and risk analytics capabilities.

Total raised

$16M

Funding rounds

4

Latest round

Series A

Latest activity

May 2022