Climate change is creating more extreme weather events than ever before. Climate intelligence and assessment is key to adapt and mitigate. We are very excited to share with you our thesis behind the investment in repath.
Why we invested in repath:
The planet is in crisis as increasingly more severe weather events reach our news outlets, and ultimately, our doorsteps. Very recent examples of some extreme weather events include Storm Boris in Europe and Hurricane Helene in the U.S. In light of these, our most recent investment could not be more relevant: Greencode Ventures is honoured to announce our investment in repath, a German leading energy climate risk and adaptation platform.
“We are thrilled to co-lead repaths’ EUR 3.6m seed funding round together with Lightbird. Climate adaptation is an untapped opportunity, and we need to use all available means for accelerating the green transition e.g. by using data to make informed decisions on energy asset new build and upgrades. repath’s team brings the scientific, commercial and technical acumen to empower energy infrastructure companies and beyond.” says Ines Bergmann-Nolting, Managing Partner at Greencode Ventures.
The Challenge: The increasing frequency and severity of climate-related events pose significant risks to people, various industries and infrastructure, with the energy sector being particularly vulnerable. Financial losses, reputational risks, and regulatory non-compliance are just some of the risks associated with climate-related hazards. Climate adaptation is essential for building resilience in infrastructure and ensuring the stability of energy supplies. Traditional climate adaptation approaches have often been reactive and uninformed, leading to costly and ineffective solutions. As managing these risks is complex, requiring asset-specific data and predictive analytics to proactively address potential disruptions.
The Solution: repath’s innovative platform aims to address these challenges by conducting in-depth, asset-level analysis of energy infrastructure using state-of-the-art scientific data. In other words, repath provides a sophisticated, AI-driven SaaS platform that generates asset-specific climate risk data, helping companies in the energy sector and beyond to adapt to climate challenges. By precisely identifying asset-specific vulnerabilities, repath enables energy companies to implement targeted adaptation strategies, fostering the development of climate-resilient infrastructure. The company's focus on the energy sector positions it well to capitalize on a rapidly growing market, with plans to expand into other verticals and regions.
The Team: The founders of repath, Julius Pröll, Liza Altena, Dr. Thomas Remke and Sebastian Bartels, bring a wealth of complementary skills and experience. The repath team possesses deep expertise in the climate space, with a strong focus on scientific, commercial and engineering perspectives. This balanced approach ensures that the company can effectively address the complex challenges of climate adaptation. With the investment round, the 15 people team works towards their vision of becoming the leading climate adaptation platform within critical infrastructure by 2030.
The Partnership: Repath is well-positioned to lead the climate adaptation market with its innovative, asset-specific solutions. The company's impressive team, market traction, and impact-driven approach align with Greencode's investment strategy. We are confident that our partnership will help repath achieve its ambitious goals and deliver substantial returns while making a meaningful impact on global climate resilience. The partners at Greencode have extensive experience in the green transition sectors of energy and mobility plus digital ecosystems. We are excited to leverage our expertise and networks to support repath's mission of enhancing climate resilience. Our collaboration aims to drive significant growth and impact, ultimately contributing to a more sustainable future.
We are here to invest in and support startups making a difference. Get in touch: hello@greencode.vc
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