Home / Cervest pitch deck to raise $22m Series-A round

Cervest pitch deck to raise $22m Series-A round

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Cervest pitch deck to raise $22m Series-A round

This is the Cervest pitch deck to raise a $22m series-a round in 2021.

About

Cervest’s AI-powered Climate Intelligence platform and EarthScan(TM) product put the power of a thousand climate scientists into the hands of decision makers across businesses, governments, insurance companies and financial markets to help them quantify, manage and adapt to climate change at an asset-level.

We are a Certified B Corporation with a vision to democratize access to Climate Intelligence through our open access platform, driving a shared responsibility to protect the world’s critical assets. Cervest is backed by mission-aligned investors, including Astanor Ventures, Lowercarbon Capital, Future Positive Capital, Draper Espirit and UNTITLED.

Discover how current and future climate events such as flooding, droughts, and extreme temperatures will impact the assets you own, manage, or depend on. Learn more at cervest.earth.

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. He came up with the idea for Cervest while co-founding and helping to run a farming business in Ghana called GADCO Cooperatief UA. Even though company was well-funded and well-staffed, Bassi realized he had no way to understand how climate change was effecting the fields’ yields.

Eventually, as part of founding Cervest, he worked with mathematicians to understand how to “quantify climate risk,” Bassi told Insider. As he learned more, he realized that the complexity of climate change was preventing companies from making decisions based on its likely effects. Instead, corporations were burying their heads in the sand, avoiding the issue unless it actually affected one of their assets.

“Climate is not a one-time issue that you can fix,” Bassi said. “It’s not a software bug.”

He envisions Cervest as a repository for data about climate impact worldwide that will also allow users to zero in on how it will interact with their own holdings.

At the most basic level, property owners can use EarthScan to see the potential climate risks to their own portfolio.

Funding rounds

Announced Date Transaction Name Number of Investors Money Raised Lead Investors
May 20, 2021 Series A – Cervest 6 £16M Draper Esprit
Nov 3, 2020 Convertible Note – Cervest 3 £6.1M
Aug 1, 2019 Seed Round – Cervest 3 £3.7M Future Positive Capital
Sep 1, 2017 Seed Round – Cervest £800K

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