3.6 million euros for repath in seed financing round
Hamburg-based startup repath has announced a seed financing round led by Greencode Ventures and Lightbird totalling 3.6 million euros. The money will be used to develop software that makes it easier for companies in the energy sector to deal with the challenges posed by climate change.
repath's platform makes companies more climate resilient
The effects of climate change represent a considerable burden for energy companies. Risks include financial losses, reputational damages and non-compliance with regulations. repath’s platform aims to overcome these challenges by conducting an in-depth, asset-level analysis of energy infrastructure using scientific data. By accurately identifying asset-specific vulnerabilities, repath enables energy companies to implement targeted adaptation strategies and develop climate-resilient infrastructure.
repath was founded in 2021, currently employs twelve people and has already received support from early investors such as Alexander Brühl, SaaSgarage, Nucleus, WENVEST Capital. The money from the seed round will be invested in expanding the team, which is mainly made up of climate scientists and data engineers. repath aims to double its workforce by the end of 2026. In addition, the company will invest in further developing the functionalities of its platform, which offers a software-as-a-service solution based on artificial intelligence.
