Participated · Seed · Mar 2022

Climate X provides a digital-twin platform that models climate risk for residential and commercial properties as well as road, rail and power infrastructure. The platform uses more than 500 trillion data points and a proprietary library of 1.5 billion assets and 44 million miles of infrastructure, with a Google Maps–like interface. Clients can view the effects of weather conditions, including extreme heat and flooding, over a 100-year time horizon and zoom to individual properties. The company already serves financial-services clients including Legal & General, CBRE and Virgin Money and assesses risk for clients with over $6.5 trillion in combined AUM. Founded by corporate risk veterans Lukky Ahmed and Kamil Kluza, Climate X is coming out of stealth. The startup plans to use new funding to expand in Europe, North America and APAC. It recently raised a fresh round of institutional capital to scale product and go-to-market efforts. Climate X's core product, Spectra, is an on-demand climate risk data analytics platform available via an online interface or API that delivers location-specific risk ratings and loss estimates for extreme weather events under multiple warming scenarios. Spectra is presented as a vertically integrated solution covering a comprehensive range of hazard types, achieving up to 95% performance accuracy and providing access to over one trillion data points tied to millions of UK locations. The platform is designed to help firms meet emerging regulatory disclosure requirements and to incorporate climate-related risks into pricing, investment and resilience planning. Climate X emphasizes a transparent ‘glass box’ approach to produce explainable insights for financial institutions and real-estate stakeholders. The company says it will use the new funding to service growing customer demand, expand the product offering and accelerate international expansion. To date Climate X has raised over £5.2M in total funding. Climate X is a London-based purpose-driven startup building climate intelligence data and analytics. The company combines physical risk models, remote sensing, a digital Earth twin and machine learning to project how extreme weather events linked to climate change could impact specific assets or locations up to 80 years into the future and to estimate impacts on asset values. It is building infrastructure to help tens of thousands of companies, governments and individuals assess climate risks and understand the data used to inform investments and business strategies. The solution is being designed to comply with incoming government climate-disclosure mandates and central bank requirements for scenario analysis and stress testing. Climate X was founded earlier this year; leadership highlighted in the article includes co-founder and CPO Kamil Kluza and CEO Lukky Ahmed. The company plans to release its final product to the UK market by the end of 2021 and pursue rapid international expansion in 2022; it has just completed a €1.3M pre-seed fundraising.

Participated · Equity · Sep 2021

HIVED builds an end-to-end parcel delivery network purpose-built for e-commerce, running on a 100% electric fleet and its HIVEDmind platform that leverages AI, real-time data, and modern architecture. The platform connects retailers, warehouses, drivers, and customers through integrated routing, real-time warehouse sorting, dynamic delivery clusters, and live parcel tracking. HIVEDmind models driver behaviour and real-world conditions to forecast volumes, optimize parking and routes, and surface delivery photos, geo-coded dashboards, behavioural alerts, and fraud-pattern detection for retailers. The company claims to be the world’s only end-to-end electric logistics network and is the UK’s highest-rated parcel delivery company on Trustpilot by far. Going forward, HIVED plans to accelerate its UK rollout into several new cities, grow its engineering and data teams, and further develop its proprietary logistics intelligence. Hived is building a delivery network at scale powered entirely by electricity and integrated with platforms such as Metapack, Shopify and Shiptheory. The network offers features including dynamic delivery-window ETAs, live tracking, in-flight redirect options, customizable customer communications and merchant dashboards with carbon-saving reporting. It delivers for large retailers including ASOS and ZARA as well as fast-growing SMEs such as Candy Kittens, Vitl and Pip & Nut. Since its August 2021 seed round the company has grown revenue 30% month over month and expanded to a head office of 40 and over 1,000 drivers. Hived intends to use new funding to invest further in its team, technology and to build a new warehouse. The business operates entirely on electric vehicles and provides carbon-saving reporting to merchants. HIVED is a parcel-delivery startup that uses electric cargo bikes for last-mile urban deliveries. It operates a fleet of 20 Raleigh e-cargobikes ridden by directly employed couriers and aims to offer estimated drop-offs in 15-minute slots. The company raised $2.4 million in venture-capital and angel funding to expand operations. Currently delivering within London’s M25, HIVED plans to expand into larger U.K. cities and achieve national coverage within three years, using electric vans for longer journeys while keeping most last-mile deliveries on e-cargobikes. Founded last year by Murvah Iqbal and Mathias Krieger, the startup emphasizes avoiding the gig economy and employing riders to improve service quality. HIVED previously received launch backing from Innovate UK in June 2020 and trialed several e-cargobike models before selecting Raleigh bikes for its fleet.

Participated · Seed · Jul 2021

Fountain9 develops Kronoscope, an AI-led demand sensing and inventory planning engine aimed at reducing stock waste and improving supply-chain agility. The company is focused on brands in the F&B, ecommerce, and retail sectors in India. Founders Niki Khokale and Rajas Lonkar are ex-Googlers. Fountain9 says its technology predicts short- and long-term demand to minimize stockouts and waste, addressing an estimated $260 billion of global food waste caused by poor inventory decisions. The startup plans to use new funding to enhance Kronoscope’s intelligence, strengthen product offerings, and expand into global markets. Advisors and supporters highlighted the solution’s ability to enable frequent planning and rapid adaptation to demand and supply changes.