Nature capital research (Natcap), a nature and biodiversity knowledge firm, has raised $10 million in a Series A funding round. The funds will be outlaid to fuel their technology for businesses to integrate natural risks and opportunities into their business strategies.
The startup, which was founded in 2018 and spun out of Oxford University by Professor Baroness Kathy Willis, has built a platform to aid businesses in quantifying, reporting on, and mitigating nature-related risks, dependencies, and opportunities across their operations, products, and supply chains.
Through its Quest platform, the company’s goal is to improve how esg and information on nature is reported. The platform will add more data points over time matching the demands of a wider range of businesses with new regulation (i.e., the EU’s CSSF or the Taskforce on Nature-related Financial Disclosure’s recommendations). This will expand the coverage on asset classes beyond listed corporates and provide more consistent inputs with granular, consistent boundaries using granular ecosystem types and international metrics with regular updates based on seasonal variability.
Commitments to the company were made by a varied group of investors. André Hoffmann and former Refinitiv CEO David Craig participated in the round as well as Pioneer, Norinchukin Capital, Yeo Ventures, and Pelican Ag. In the competitive environment of the round — the co-founder of PoliteMail also competed for consideration.
