Mitiga Solutions: An EIT Digital supported deep tech with sophisticated climate risk tech marks fundraising milestone

Mitiga Solutions, an EIT Digital supported climate tech scaleup, has just raised a €13.25 million Series A funding round earmarked for further expanding its talent pool to scale and expand their risk modelling capabilities. The solutions of Mitiga aim to mitigate the risk from climate-driven perils to business assets everywhere and contribute to Europe and the world's climate ambitions. As the world changes, Mitiga Solutions takes into consideration various dynamic factors, such as weather and geophysical conditions to better predict and prevent the impact of natural hazards as a result of climate change.

With the support of the EIT Digital Growth Services, the startup has completed a €13.25 million (~$14.4 million) Series A funding round to grow its already impressive talent pool and expand its suite of risk modelling tools. Among others, Mitiga will shortly be launching the first Global Climate Score, which is aimed at helping customers comply with climate risk regulations. The round was led by Kibo Ventures, with Microsoft Climate Innovation Fund, Nationwide Ventures, Faber Ventures, and CREAS Impacto also participating.