Mitigrate logo — Climate loss prevention that keeps your head above water

Mitigrate

Climate loss prevention that keeps your head above water

Founded 2021 Norway Norway 10 employees Pre Seed Total: $430.00K Financial Services, SaaS

General Information

Company Name Mitigrate
Founded Year 2021
Location Norway Norway +1
Employees 10
Industries Financial Services, SaaS
Funding Stage Pre Seed
Social

Get notified when Mitigrate moves

Funding, new markets, leadership changes, hiring surges — one e-mail, only when something happens.

Free · no account needed

About Mitigrate

Mitigrate is a ClimateTech SaaS startup founded in 2021 and headquartered in Norway. The company's slogan "Climate loss prevention that keeps your head above water" encapsulates its mission to address the escalating climate-related challenges. Mitigrate aims to combat the alarming 2000% increase in climate insurance claims since the 1970s, amounting to $630b worldwide in the 2010s, with a focus on preventing climate damages on real estate, particularly flooding. The company leverages high-resolution satellite images, map-based AI models, and optimization algorithms to provide fully automated analyses that prioritize preventive measures. Mitigrate's approach extends beyond flooding to encompass additional risks such as drought, heat, wildfire, landslide, biodiversity, and wind. Notably, the EU Taxonomy has recently mandated prevention for insurers throughout Europe. Mitigrate's business model focuses on reducing risks on individual assets and prioritizing preventive measures within large portfolios of commercial and residential real estate, aligning with the increased importance of proactive risk mitigation. Mitigrate recently secured a €430.00K Pre Seed Round investment on 15 November 2021, with participation from prominent investors including Antler, StartupLab, and Link Venture Capital. The company's innovative approach to climate loss prevention underscores its potential to make a significant impact in the ClimateTech and financial services industries, positioning it as a noteworthy contender in the evolving landscape of climate risk management.

Taxonomy: ClimateTech, Climate insurance, Natural disasters, Risk management, Prevention measures, Real estate, Flood prevention, Satellite images, Optimization algorithms, EU Taxonomy, Insurers, Climate-positive measures

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round •••••• 3
Investor Investor Investor
15 Nov 2021

Mitigrate Alternatives & Competitors

Mitigrate vs
Sustainaccount
Sustainaccount Switzerland

Building climate resilience with actionable climate risk insights

Non Equity Assistance
11 employees
Finance, Financial Services
Mitigrate vs
Intensel Limited
Intensel Limited Hong Kong S.a.r.

Climate Risk Solutions | Be Climate Ready | Leading Climate Tech Company

14 employees
AI, Analytics
Mitigrate vs
Faura
Faura United States

Reducing natural disaster risk for insurers and homeowners

Non Equity Assistance
7 employees

FAQ About Mitigrate

Climate loss prevention that keeps your head above water
Mitigrate was founded in 2021.
Mitigrate is headquartered in Norway.
Mitigrate operates in the following industries: Financial Services, SaaS.
Mitigrate has approximately 10 employees.
Mitigrate has completed 1 funding round, raising a total of $430.00K. The latest funding stage is Pre Seed.
Top alternatives and competitors to Mitigrate include Sustainaccount, Intensel Limited, Faura, AbilyCare, Domega, Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Mitigrate and Sustainaccount are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Don't just browse. Track.

Signal Tracker monitors Mitigrate and millions of companies for funding rounds, hiring surges, product changes, and 40+ signal types — so you never miss an opportunity.

One analytics cookie (Google Analytics). Cookie Policy

Book a demo 30 minutes