The start-up repath from the University of Hamburg uses findings from climate science to enable companies to identify their risks from climate change in advance. The team is supported in this by the beyourpilot start-up consultancy. As part of a pre-seed financing, repath recently raised 1.2 million euros.
“Years of work in applied climate research have shown us that companies often do not know their individual climate risks, but that there is great interest in this information. Although research provides the data basis, a (technical and professional) translation service is needed to make this information usable. For companies in particular, there are hardly any contacts outside of research. That’s why we decided to take the path from applied climate research to our own start-up,” explained repath CEO Julius Pröll in a beyourpilot interview last year. The startup, founded in Hamburg in 2021, has now raised 1.2 million euros in a pre-seed round.
The team around Julius Pröll and Dr Thomas Remke translates the results of climate calculations into risk assessments for international locations and supply chains at the Centre for Earth System Research and Sustainability (CEN). Their start-up repath is a software-as-a-service company that offers a technical solution for identifying and managing corporate climate risks. The platform aims to translate complex, complicated and fragmented climate data so that companies can use it to also assess assets in terms of climate risks, for example.
“We provide support in dealing with the consequences of climate change that are already being felt,” emphasises Julius Pröll: “It is important that we are in line with the current state of the art in science and that we see ourselves as a research-based impact start-up.” Better Ventures, an association of business angels, is convinced of this. Venture capitalists such as Nucleus Capital, Wenvest Capital and the Auxxo Female Catalyst Fund have also invested in repath.
The money raised will be used to further develop the platform: by the end of the first quarter of 2023, the company plans to hire around ten new employees and thus double its workforce, announced co-founder and repath CSO Liza Altena.