Repath raises 1.2 million euros

The money was raised as part of pre-seed financing. Repath is developing software to help companies adapt to climate risks.

The start-up Repath, founded in Hamburg in 2021, raises 1.2 million euros in a pre-seed round. The software-as-a-service company offers a technical solution for identifying and managing corporate climate risks. The Repath platform aims to translate complex, complicated and fragmented climate data so that companies can use it to evaluate assets with regard to climate risks, for example.

"We help companies to deal with the consequences of climate change that are already being felt," says co-founder and Repath CEO Julius Pröll. "It is important that we are in line with the current state of science and that we see ourselves as a research-based impact start-up." Among others, Better Ventures, an association of business angels, invested in this idea. Venture capitalists such as Nucleus Capital, Wenvest Capital and the Auxxo Female Catalyst Fund also invested in Repath.

The capital will be used to further develop the platform. The company plans to hire around ten new employees by the end of the first quarter of 2023, doubling its workforce, as co-founder Liza Altena announced.