# The Climate Service

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-climate-service

- Industry: Software
- Headquarters: Durham, US
- Website: www.theclimateservice.com
- Total disclosed funding: $3.8M
- Latest round: Series A (Apr 14, 2020)
- Investors on record: 3

## About

The Climate Service, Inc. offers advanced climate risk analytics through its platform, enabling businesses to integrate climate data into their economic decision-making processes and manage financial risks associated with climate change.Founded in 2017 in Durham, US, The Climate Service, Inc. specializes in climate risk analytics. The company was acquired by S&P Global Inc. in January 2022 from AICPA, Persei Venture, and Synovia Capital. The CEO and founder, James McMahon, has a background in creating solutions for climate-related challenges. The company has completed a total of 2 deals and raised USD 3.82 mn in its SERIES A funding round led by Persei Venture, alongside investors AICPA and Synovia Capital.The Climate Service, Inc. provides a comprehensive climate risk analytics platform that integrates publicly available climate data with proprietary functions to evaluate the vulnerability of over 270 asset types to climate-related hazards. The platform supports asset managers, businesses, and investors, facilitating climate scenario analysis and enabling organizations to make informed decisions regarding climate risk management.The company generates revenue through subscription-based models and partnerships within the financial and investment sectors. Clients access ongoing climate risk analytics via structured agreements based on annual subscription fees. Additional revenue comes from tailored consulting services that provide specialized insights and analyses for clients, particularly in compliance with frameworks like the TCFD (Task Force on Climate-related Financial Disclosures).The acquisition by S&P Global will enhance the expansion of The Climate Service’s offerings. Although specific new products have not been announced, the acquisition aims to leverage S&P Global’s resources to broaden the service range. The company is likely focusing on expanding its footprint into new geographic markets, particularly in Europe and Asia, to enhance its global reach while utilizing the benefits of the recent funding to support these strategic initiatives.

## Funding rounds

- Series A, Apr 14, 2020, $3.8M — Persei Venture, Synovia Capital, AICPA

## Investors

- Persei Venture (https://capitalatlas.ai/funds/persei-venture) — Series A
- Synovia Capital — Series A
- AICPA — Series A