# Mitiga Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mitiga-solutions

- Industry: Software
- Headquarters: Barcelona, Spain
- Website: www.mitigasolutions.com
- Total disclosed funding: $14M
- Latest round: Series A (May 18, 2023)
- Investors on record: 5

## About

Founded in 2018 by Alejandro Marti, and Mauricio Hanzich, and based in Barcelona, Spain, Mitiga Solutions uses science and technology to enhance prevention, resilience, and adaptive capacity to climate-related hazards on business assets. In May 2023, Mitiga Solutions raised EUR 13.25 million in Series A funding led by investor Kibo Ventures, with participation from Creas, Microsoft Climate Innovation Fund and Nationwide Ventures. Returning investor Faber Ventures also participated in the round.



The company uses its proprietary AI (artificial intelligence) Climate Equity tool to assist businesses in assessing the effects of natural disasters using high-performance computing, thereby assisting the real estate, energy, and financial sectors in understanding and addressing the risks and uncertainties associated with climate change. 



The company intends to use the May 2023 funding to scale the use of its physics-based models to help prevent natural hazards from becoming disasters, expand its science and business team worldwide, invest in its cloud architecture and security and provide companies with the necessary tools to assess, measure and report climate hazard associated risks.

## Funding rounds

- Series A, May 18, 2023, $14M — Kibo Ventures, Faber Ventures, Creas, Nationwide Ventures, Microsoft Climate Innovation Fund

## Investors

- Kibo Ventures (https://capitalatlas.ai/funds/kibo-ventures) — Series A
- Faber Ventures (https://capitalatlas.ai/funds/faber-ventures) — Series A
- Creas (https://capitalatlas.ai/funds/creas) — Series A
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series A
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series A