Previsico, the actionable flood warning insurtech, has announced the successful close of its Series A funding round to accelerate its global expansion.
It builds on an earlier investment led by Burnt Island Ventures, with continued support from Foresight Capital.
The additional funding will enable Previsico to accelerate strategic development as it scales up, driving continued innovation in its forecasting solutions and expanding its presence in the UK and US, while entering new emerging markets.
As localised natural disasters become more frequent, demand is growing for advanced predictive solutions—an area where Previsico excels, particularly across the insurance, construction, and utility sectors.
Jonathan Jackson, CEO of Previsico, said: “We’re thrilled to have the support of our new investors at such a pivotal stage in Previsico’s journey. This round of investment marks an exciting milestone for us, enabling our continued growth and accelerating our mission to help communities and businesses become more resilient to the increasing threat of flooding.”
Konstantine Drakonakis, Managing Director of Investments at Connecticut Innovations ClimateTech Fund, said: “We are pleased to invest in Previsico, which is starting to gain a global reputation not only as a live flood forecasting provider, but also as a partner in helping organisations and communities adapt to climate risks and manage the financial implications of extreme weather. We are behind the eight ball here in the US on flood forecasting at the local level and Previsico’s platform is well positioned for our markets.”
Richard Hardy, Investment Director, Private Equity at BlueOrchard, said: “Part of our role in expanding climate insurance across emerging markets is to ensure these regions gain access to world-leading climate technologies. Previsico is an excellent example of such innovation and an exceptional addition to our portfolio. We look forward to working with Jonathan and his team to help extend their platform on a global scale.”
Through its partnership model, BlueOrchard helps build robust ecosystems for climate adaptation, particularly in emerging markets that face critical protection gaps and can benefit most from advances in climate risk management technologies.
Flooding remains the most common and costly natural hazard worldwide. Previsico’s live flood forecasting solution integrates real-time weather data, IoT devices, and advanced modelling to help insurers, public sector agencies, and businesses mitigate flood impacts, enhance resilience, and reduce losses.
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