ET Index Research, which speciliases in low carbon investment strategies and risk management tools, has raised £1.13m in seed funding.
The round, which comes after the startup received funding from Climate KIC – a climate change accelerator – last year, drew support from angel and family office investors.
Based in Level39, ET Index Research leverages cloud technology to help its customers manage the transition to a low carbon economy through a suite of risk management tools.
The tools, a statement said, allow users to identify, understand and manage their exposure to climate and carbon related financial risks across asset classes.
ET Index CEO, Sam Gill, spoke about the raise: “The additional funding we have raised will support the launch of some exciting new investor tools to identify, understand and manage their climate and carbon risk exposure.
“Notably, investors in France are now required to publicly disclose how they are managing the transition to the low carbon economy, and with Mark Carney and Michael Bloomberg’s Task Force on Climate-related Financial Disclosures set to publish global guidelines for investors early next year, we expect an ever increasing number of investors around the world to act on this issue,” he added.
Commenting on the round’s closure, James Cameron, co-chair of ET Index said ET Index and its investors were in a position to demonstrate how capital can be systematically allocated away from the increasing risk being caused by climate change.
“By using the language of the financial markets and understanding the incentives and practices of the current system, big changes can be made to that system, and reinforced by the data, analysis, products and services offered by ET Index,” he concluded.