repath receives 1.2 million euros in pre-seed round
The business angel network better ventures, venture capitalists NucleusCapital, Wenvest Capital and the Auxxo Female Catalyst Fund as well as other business angels invest a total of 1.2 million euros in the Hamburg-based startup repath. repath develops software that helps companies deal with climate risks.
repath has a versatile founding team
repath was founded in 2021 by Julius Pröll, Sebastian Bartels, Thomas Remke and Liz Altena. The quartet brings diverse experience from fields such as energy technology, data processing and visualization, sales and management. The startup's business idea is based on the fact that companies are already having to deal with the risks and challenges of climate change, and increasingly so.
With its analyses, repath provides recommendations in the search for new production locations, for example, where criteria such as water supply are relevant. In doing so, the startup draws on nearly 50 climate models. They all have their scientific justification, but can differ significantly in important details. At the same time, the combined evaluation ensures a more comprehensive picture and a higher hit probability. Spatially, the results can be narrowed down to a radius of at least twelve kilometers, and a visualized representation facilitates understanding.
The fresh capital is to flow into the further development of the platform. The expansion of the team is also on the agenda. Ten new employees are to be hired by the end of the first quarter, which would mean doubling the current workforce.
