Swedish FinTech ClimateView nets €14m to propel climate finance revolution

ClimateView, 2050, 115K, La Banque Postale, Sandwater, Polar Structure, CommerzVentures, NordicNinja, SEB Greentech VC, Norrsken VC, FinTech 2023, Climate Finance 2023, Green Transition 2023, ClimateOS, Climate Action 2023

ClimateView, a Swedish technology start-up that’s focusing on climate action, recently procured €14m in a new funding round. The company’s flagship solution, ClimateOS, aims to enable cities to efficiently finance their climate-related initiatives.

The funding round was led by the French firm 2050, and saw participation from 115K (the VC fund of La Banque Postale), Sandwater, Polar Structure, and previous investors including CommerzVentures, NordicNinja, SEB Greentech VC, and Norrsken VC.

ClimateView’s platform, ClimateOS, is presently adopted by over 30 cities worldwide, including Madrid, Dortmund, Cincinnati, and Nottingham. This sophisticated solution collects all emission-related data from cities onto a single platform, thereby facilitating the green transition through improved financial reporting and better public outreach.

The latest investment is intended to support ClimateView in developing its climate finance platform further. The ultimate goal is to assist cities in their climate investment planning requirements, under the EU’s progressive programme ‘100 Climate-neutral and Smart Cities.’

A daunting €4.1trn climate finance gap currently hinders the global transition to greener practices, particularly in cities which account for a staggering 70% of all emissions, yet only access 10% of required resources. ClimateView’s technology is expected to play a crucial role in bridging this enormous gap.

Marie Ekeland, Founder of 2050, highlighted ClimateView’s importance stating, “ClimateView has an incredible opportunity to scale their impact globally, helping cities unlock the funding they need. We are excited to support them again to drive innovation in this critical area.” Similarly, Investment Manager at 115K – the VC fund of La Banque Postale, Laure de Buyer, pointed out the need for better data in city fund raising efforts.

Moreover, previous investments in ClimateView have resulted in improvements in multiple areas including health care, fuel savings, pollution reduction, and lower city expenses. Evidence suggests that a shift from car to bike can lead to quantifiable, social, and economic co-benefits.

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