Natural Capital Research (Natcap), a nature and biodiversity intelligence company, has raised $10m in a Series A funding round.
The funds will be used to scale its technology aimed at helping companies quantify and embed nature-related risks and opportunities into their business strategies, according to ESG Today.
The investment round saw participation from notable investors including André Hoffmann, Norinchukin Capital, Yeo Ventures, Pelican Ag, and former Refinitiv CEO David Craig.
Previous investors such as Oxford Science Enterprises, funds advised by MW&L Capital Partners, and Alea Iacta Est, who were part of Natcap’s £2.5m seed round in early 2023, also joined this round.
Founded in 2018, Natcap’s platform assists businesses in measuring, reporting, and acting on nature-related risks, dependencies, and opportunities within their operations, products, and supply chains. This helps build resilient nature strategies.
The newly raised funds will be focused on scaling the delivery of high-quality nature data to companies, especially those affected by new regulations such as the EU’s Corporate Sustainability Reporting Directive (CSRD) and Sustainable Finance Disclosure Regulation (SFDR), as well as those reporting voluntarily under the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations.
Natcap was recently selected as one of four UK tech companies to receive government support from the UK-APAC Tech Growth Programme for expansion into the Japanese market. This marks a significant milestone in the company’s growth trajectory.
Natcap CEO Sebastian Leape said, “It has been truly exciting to see the level of investor interest in our company, particularly in a less-than-optimal fundraising environment globally. We see our investors’ support as a further endorsement of the market need for what we offer: a simple, straightforward solution for companies grappling with nature risks and reporting needs under CSRD and TNFD. We look forward to scaling our offering, allowing more organisations to integrate nature into their decision-making, and accelerating the world’s transition to a nature-positive future.”
André Hoffmann, Vice-Chairman of Roche Holding AG, expressed his enthusiasm for Natcap, saying, “As an investor deeply committed to sustainability and environmental stewardship, I am thrilled to support Natcap. Their innovative and science-based approach to assessing nature risk and opportunity represents a pivotal step forward in our efforts to embed nature into how businesses make decisions. Through my role as a senior advisor to the Taskforce for Nature Related Financial Disclosures (TNFD) I have witnessed firsthand the gap that Natcap fills: helping businesses to measure nature risk and opportunity at scale. I look forward to working with the Natcap team to help them achieve their ambitious goals.”
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