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The last week of 2024 was noteworthy for EarthCare.ai, raising a $350.000 pre-seed round, led by South Central Ventures and joined by the Zephyr Angel Network.
EarthCare.ai, a Techstars alumni company, is building a global climate intelligence platform meant to extract insights and value from complex climate data. The climate crisis creates over $300B in damages globally every year, from floods, to droughts, storms to cold stress. This number is increasing 15% year on year, meaning that climate is on the minds of more businesses than ever before.
“Climate data is difficult to find, more difficult to analyze and extra difficult to extract insights from. That is where we come in - our technology turns terabytes of satellite, radar and ground station data into detailed reports that any company stakeholder can use to understand the threats a location has faced and will face.” - says Gorjan Jovanovski, CEO of EarthCare.ai.
The platform has access to 30 years of historical data, and uses the latest state-of-the-art projection models to anticipate threats up to 75 years in the future under different green house gas emission scenarios. Clients can view data for any location globally via a web interface, PDF reports or integrate it in existing systems via an API to automate internal processes.
EarthCare.ai’s value is spread across multiple industries and use cases, including infrastructure monitoring and output forecasting in the energy sector,, risk analysis in the insurance sector, while consulting companies use it for climate hazard risk report generation like ESG, CSRD and EUDR. Multinational energy companies like Uniper are already using the platform to improve their output forecasting capabilities to secure adequate provision of energy in an increasingly changing environment.
“Exponential growth of natural disasters and extreme weather have made climate risks and climate risk modelling one of the top priorities on the agenda of various stakeholders across industries. However, the scope, accessibility and standardization of available data are major hurdles to overcome when building climate risk modelling solutions, and this is exactly where we see the opportunity for EarthCare.ai. Combining 30 years of historic data, top notch prediction models and years of experience in the climate vertical, the team is well positioned to help users from a variety of industries to better understand the climate related risks and based on that adjust their investment and business decisions.” - says Tatjana Zabasu Mikuz, Managing Partner at South Central Ventures.
The team is composed of UN award-winning engineers Gorjan Jovanovski and Dragan Gelevski, whose work has been featured by Google, Forbes, BBC, NY Times, Washington Post, WIRED, and their previous product is being used by millions of people around the world. The secured funds will be allocated to advance the platform development, strengthen the team with new roles, and broaden their client portfolio.
About South Central Ventures
South Central Ventures (SCV) is the longest-standing venture capital investor in SE Europe. It manages over €100m and invests in regional seed-stage companies operating in globally prosperous industries. Present in four offices (Ljubljana, Zagreb, Belgrade, Skopje), SCV manages over 50 high-tech companies in its portfolio, including Cognism, all eyes on screens and 57hours, among others.
About Zephyr Angels
Zephyr Angels is recognized as a leading early-stage investment network in the Balkans, connecting smart investors with innovative startups. Over the past year, the network hosted 4 investment events, featuring 12 startups, which led to 3 successful investments totaling over €130,000, with 1 additional investment in the pipeline. With a focus on scalable, technology-driven companies, Zephyr Angels drives sustainable growth, fosters regional economic development, and empowers the next generation of entrepreneurs.