This pitch deck helped Cervest, which predicts climate damage to real estate, raise $30 million from Salesforce CEO Marc Benioff and other investors
Summary List Placement Cervest, a company that creates data analysis tools to forecast the impact of climate change on real estate, announced on Thursday that it has raised a $30 million Series A round. Led by UK-based venture firm Draper Esprit , the round also includes funding from UNTITLED, the venture fund of Swedish food packaging heir Magnus Rausing, and TIME Ventures, the fund of Salesforce billionaire Marc Benioff. It also includes returning investors Atanor Ventures, Lowercarbon Capital, and Future Positive Capital. Cervest raised a $6.2 million seed round in 2019. The London-based company is also unveiling its first product, EarthScan, software that provides asset-level projections about the potential effects of future climate events — from flooding to fire to drought — using climate science, satellites, and machine learning. Cervest CEO and founder Iggy Bassi told Insider that the firm plans to build out a suite of "climate intelligence" tools in the future. Before launching Cervest, Bassi worked as a consultant, an investment banker, and a software engineer.
This pitch deck helped Cervest, which predicts climate damage to real estate, raise $30 million from Salesforce CEO Marc Benioff and other investors
Summary List Placement Cervest, a company that creates data analysis tools to forecast the impact of climate change on real estate, announced on Thursday that it has raised a $30 million Series A round. Led by UK-based venture firm Draper Esprit , the round also includes funding from UNTITLED, the venture fund of Swedish food packaging heir Magnus Rausing, and TIME Ventures, the fund of Salesforce billionaire Marc Benioff. It also includes returning investors Atanor Ventures, Lowercarbon Capital, and Future Positive Capital. Cervest raised a $6.2 million seed round in 2019. The London-based company is also unveiling its first product, EarthScan, software that provides asset-level projections about the potential effects of future climate events — from flooding to fire to drought — using climate science, satellites, and machine learning. Cervest CEO and founder Iggy Bassi told Insider that the firm plans to build out a suite of "climate intelligence" tools in the future. Before launching Cervest, Bassi worked as a consultant, an investment banker, and a software engineer.