repath, an emerging Impact startup founded in Hamburg in 2021, raises €1.2 million in a Pre Seed funding round. The company provides a cloud-based platform for Enterprises, identifying and assessing climate risks and recommending corresponding climate adoptions ensuring consistent growth in a changing environment.
“We provide support in dealing with the consequences of climate change that are already being felt,” says co-founder and Repath CEO Julius Proell. “It’s important and that we are in line with the current state of the art in science and that we see ourselves as a research-based impact startup.”
The company’s AI-based Climate Intelligence platform can be applied accross multiple industries, such as utility, supply chain, real-estate, transportation and many others.
In order to complete the SaaS platform and drive business growth, Julius Proell and his co-founders Liza ALtena (Chief Sales Officer), Sebastian Bartels (Chief Technology Officer) and climate expert Dr. Thomas Remke (Chief Climate Officer) have collected 1.2 million Euro from a high profile group of Venture Capital funds and Business Angels. Among others, Nucleus Capital, Wenvest Capital and the Auxxo Female Catalyst Fund invested in this Pre Seed financing alongside with business angel association better ventures, represented by Lin-Gong Deutschmann, Paul Schwarzenholz (Zenloop), Thomas Gottheil (commercetools), Stefan und Anne Lemcke (Ankerkraut) as well as Alexander Bruehl (SaaSgarage – Pre-Seed Angel Fund for SaaS startups), Henner Schwarz (Kalera), Michala Rudorfer und Sebastian Mertes (Rose-Sky Investments) , Mike Simon (GegenwartKommunikation), Oliver Markl (Acuity Advisors), Joachim Schreiner (CEO, Salesforce Germany) and Real Estate Expert Thomas Glatte.
“The capital 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” says co-founder Liza Altena.