Climate Alpha Maps Climate Risk for Real Estate With $5M Seed Round

Climate Alpha secures $5 million seed funding to revolutionize climate risk assessment

Singapore-based startup Climate Alpha has secured $5 million in seed funding to grow its AI-powered platform for evaluating climate change risks for real estate assets. Jungle Ventures led the round.

Founded by geography and globalization expert Dr. Parag Khanna, Climate Alpha helps real estate owners, and investors understand and quantify the financial impacts of climate change on their properties.

Its customers include major institutional investors Oaktree Capital, BentallGreenOak, and homebuilder Lennar Corporation.

Climate Alpha's SaaS platform is unveiled to help decipher the impact of climate change

The startup’s SaaS platform leverages Geographic Information Systems (GIS) data, climate modeling, econometrics, and machine learning algorithms to forecast climate risks across locations.

This provides data-driven insights for real estate investment decisions.

“We aim to decipher the interplay of climate change, geopolitics, demographics, and economics using spatial finance models,” said Khanna.

“Our platform builds on the research from my book ‘Move: Where People Are Going for a Better Future’ that explored climate-driven migration patterns.”

Climate Alpha evolved from Khanna’s work in his book. He collaborated with FutureMap research director Kailash Prasad to correlate climate profiles of locations with property value projections.

This was the genesis of the Climate Oases analytics service, which later spun off into Climate Alpha.

Climate Alpha's growth trajectory is a result of global expansion in the forecast

The startup has significantly enhanced its data science and climate modeling capabilities. This includes securing an R&D grant from the Singapore government during the pandemic.

Climate Alpha’s platform offers data-driven insights into risks and opportunities as climate change threatens real estate investments globally.

With the new capital injection, the company plans to expand its climate spatial finance models and team to serve more customers worldwide.

Its growth mirrors the rising demand for climate risk analytics in the real estate sector.