Earth Blox, an Edinburgh-based technology scaleup that helps organisations quantify how nature loss and climate hazards affect financial performance, has raised £6m in a funding round led by PXN Ventures, with backing from Scottish Enterprise, follow-on investment from Archangels, and funding from the European Space Agency (ESA).
The capital will be used to grow the Earth Blox team, accelerate product development and expand the platform’s capabilities by integrating satellite, environmental and portfolio data with AI-powered analysis. Alongside the raise, the company has appointed Ben Matthews as director of nature and climate, who previously led the Nature Analytics team at PwC UK.
Earth Blox counts global banks, consumer brands, energy companies and agribusinesses among its customers. The company recently worked with Lloyds Banking Group on what it describes as the UK’s largest nature risk assessment in agriculture, examining 5.1 million hectares of farmland and identifying over 1.2 million hectares with potential for resilience-building measures.
Earth Blox CEO and founder Dr Genevieve Patenaude said, “Businesses are increasingly aware that nature loss and climate risks have direct implications for financial performance, supply chains and long-term resilience. The challenge is turning complex environmental data into information that can support real business decisions. Earth Blox was built to bridge that gap, helping organisations see clearly where environmental change affects value and where investment today can strengthen future performance.”
PXN Ventures investment director Tom Croy said, “Earth Blox’s ability to turn vast amounts of complex environmental data into clear and actionable insight for businesses and financial institutions is what attracted us to the company. We believe nature loss and climate change will increasingly shape economic performance and investment decisions over the coming decade. Platforms like Earth Blox will be critical in helping organisations understand these risks and opportunities and direct capital towards more resilient and nature-positive outcomes.”
Archangels joint managing director Niki McKenzie said, “As one of Earth Blox’s original investors, we’re delighted to continue backing Genevieve and her team as they scale. What’s particularly exciting is how the business has evolved, from a strong earth observation proposition to a platform that’s now directly addressing some of the most pressing financial risks facing global banks and businesses. With nearly $29 trillion in revenues exposed to nature-related risks, the tools Earth Blox has built are increasingly essential to how organisations understand and protect long-term value.”
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