ClimateView attracts funding

ClimateView, a Swedish provider of a software platform “designed to help cities live up to their pledges to becoming carbon neutral,” has secured 2.3 million euros in funding. Norrsken Foundation led the round with participation from other investors that included Nordic Maers, Max ZVentures and GGV Capital.

PRESS RELEASE

STOCKHOLM, SWEDEN – ClimateView (www.climateview.global), the Swedish company behind the software platform designed to help cities live up to their pledges to becoming carbon neutral, today announces it has raised €2.3M to further improve the platform and aid with recruitment.

The round was led by Norrsken Foundation, the Swedish impact hub created by Klarna co-founder Niklas Adalberth, and Nordic Makers, the angel syndicate of the co-founders of European unicorns Unity Technologies, Zendesk, Sitecore and more.

Other notable parties participating in the round include angel investors Nordic Makers, New York-based early-stage investors Max Ventures, global venture firm GGV Capital and European climate investor Hampus Jakobsson.

By setting up a coherent structure for the visualization of a city’s climate data, which sits within a wider network of cities’ transition plans, ClimateView is enabling rapid knowledge sharing between all cities across the globe.

The fight against climate change currently sits firmly on the agendas of everyone from heads of state and politicians, to technologists and investors. To date, around 1,348 jurisdictions in 26 countries have declared a climate emergency, yet society still remains firmly in the diagnostic stage with very little talk focused on solutions.

ClimateView CEO and founder Tomer Shalit comments: “It’s an exciting time for ClimateView as we work to reinvent the way in which society works with the climate challenge, and we are delighted to welcome on board such a high caliber of investors. Our solution-focused approach to climate action is already gaining traction in a number of cities across the globe and we hope that, with this investment, we can continue to lay the groundwork for decision making so that, together, the world’s cities and nations can forge a common path towards global carbon neutrality.”

Acting as an empirical foundation for decision and policy-making, the software has the potential to have greater effects on the world’s CO2-reduction pace than any individual technical solution, policy or law on its own, particularly as additional cities are onboarded.

Traditionally, environmental data, policies and proposals have been presented using complex terms in lengthy documents and reports, which are often outdated by the time they are complete. By digitizing this information, in a way that is accessible to all, ClimateView centralizes the activities of all parties to significantly speed up progress by adapting and learning together. Owing to its intuitive design (simple zooming in and out), the tool provides both an intelligible overview of the work towards tackling climate change as well as the ability to drill down into the more granular detail, including the current CO2 emissions per sector, proposed and approved policies, and indicators of the progress made. This, in turn, changes the process of how climate policies are created, measured and followed-up on.

In June 2019, in an internationally unprecedented move, ClimateView – enlisted by the Swedish Climate Policy Council – enabled Sweden to become the first country in the world to put weight behind its goal of reaching net-zero emissions by 2045 by releasing a publicly available digital roadmap with the aim of encouraging faster, more efficient change. Powered by ClimateView, the visualization, named Panorama, displays a clear overview of the various efforts currently in place in Sweden, as well as planned actions towards CO2 reduction.
Since then, ClimateView has turned its focus toward the onboarding of model cities, those spearheading climate action, to harness the power of network effects. The coherent data model of climate action lends itself well to indexing and sharing, thus the value of the software increases with every transition plan that is inputted.

Tove Larsson, General Partner at Norrsken VC adds: “Norrsken invests in startups that make the world better, so ClimateView is an ideal fit for us. We are really intrigued by their ambition to provide a global platform that makes it possible to fight climate change faster and more efficiently, and are delighted to be on board to help them achieve this goal.”

About ClimateView
ClimateView was founded in Stockholm, in 2017, by Tomer Shalit. Based on an impending sense of anxiety about the climate and realizing that exponential progress is the only way to solve the climate crisis, and that kind of progress can only come from human collaboration, Tomer set out to develop a platform that enables just that.

Where environmental data, policies and proposals have traditionally been presented using complex terms in lengthy documents and reports, which quickly become outdated, ClimateView centralizes these activities in a digital format which can be accessed by all and updated. Based on principles of open data and transparency, ClimateView’s software platform allows pioneering nations, cities and companies to index and share their path towards a carbon neutral future, harnessing the power of network effects to fight climate change faster and more efficiently.

About Norrsken VC
Norrsken VC is a €100 million impact fund backed by Norrsken Foundation, launched in December 2019. The fund invests in rapidly scaling early stage startups that use their business models to solve some of the world’s greatest challenges, such as poverty, health, discrimination, integration, food waste, mental health and climate change. The fund is based in Sweden and will invest primarily in Europe with a focus on the Nordics. Anchor investors in the fund include founders of Swedish tech unicorn companies – King, Mojang, Daniel Wellington and Klarna, Ramsbury Invest (H&M family office) as well as Swedish government owned company Saminvest AB.