Sensible Weather, a climate risk technology company, has raised $12m in Series A funding.
The round was led by San Francisco-based Infinity Ventures with participation from Certares Ventures, Derive Ventures, and existing investors Wonder Ventures and Group1001. The capital brings the company’s total funding to over $20m.
Founded in 2019 by climate scientist Nick Cavanaugh, Sensible Weather said it is de-risking weather for travellers and travel partners.
Since its official launch early this year, Sensible said it has sold thousands of Weather Guarantees via its roster of hospitality and outdoor recreation partners. Consumers purchase Weather Guarantee protection when booking travel reservations and ticketed attractions online and if a weather event, such as rain, is forecasted to occur during the covered experience, Sensible automatically sends a reimbursement. Guarantee payments are processed immediately, based on the number of hours the experience is negatively impacted by weather.
Sensible Weather said the funding will allow it to grow its pool of top engineering and scientific talent, accelerate development of its proprietary climate data and risk analytics platform, and expand its Weather Guarantee offering into international markets.
Jay Gantara, partner at Infinity Capital, said, “Embedded finance is a large and growing market, and Sensible has shown rapid traction in the space by combining proprietary climate analytics and FinTech to create new value for consumers.
“In the same way extended warranties give consumers protection on goods they’ve purchased, Sensible’s novel Weather Guarantee service covers experiential purchases like travel reservations and event tickets with a new form of warranty protection.”
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