What is Previsico?
Previsico operates at the critical intersection of climate science and technology, offering its proprietary Flood Intel platform. This sophisticated system leverages high-resolution hydrological modeling, real-time data streams, and artificial intelligence to provide accurate flood prediction and monitoring. Originating as a spin-out from Loughborough University, Previsico's solutions are designed to empower a diverse clientele, including insurers, utilities, property owners, and infrastructure operators, enabling them to proactively manage and mitigate the impact of flood events across various sectors. The company's focus on actionable intelligence positions it as a key player in the burgeoning climate-tech market.
How much funding has Previsico raised?
Previsico has raised a total of $4.8M across 2 funding rounds:
Angel/Seed
$2.4M
Other Financing Round
$2.4M
Angel/Seed (2021): $2.4M with participation from Foresight Group
Other Financing Round (2023): $2.4M led by Foresight Group and 24Haymarket
Key Investors in Previsico
Foresight Group
Foresight Group is a prominent independent infrastructure and private equity investment manager established in 1984, headquartered in London, UK, focusing on strategic capital allocation.
24Haymarket
24Haymarket is a London-based private network of experienced investors and operators dedicated to funding and supporting exceptional entrepreneurs and their ventures.
What's next for Previsico?
With the recent infusion of enterprise-level capital, Previsico is poised for accelerated expansion and further technological advancement. The company is expected to enhance its Flood Intel platform, potentially incorporating more granular forecasting capabilities and expanding its data acquisition networks. Strategic partnerships and market penetration efforts are likely to intensify, particularly within sectors highly vulnerable to flood risks. This latest funding round signals strong investor confidence in Previsico's business model and its capacity to address the escalating global challenge of climate change-induced flooding, positioning the company for sustained growth and market leadership.
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