Repath raises 1.2 million euros

The money flowed as part of a pre-seed financing. Repath develops software to help companies adapt to climate risks.

Repath, a startup founded in Hamburg in 2021, raises €1.2 million in a pre-seed round. The software-as-a-service company offers a technical solution for identifying and managing business climate risks. The Repath platform aims to translate complex, complicated and fragmented climate data so that companies can use it to, for example, evaluate assets in terms of climate risks as well.

"We provide support in dealing with the consequences of climate change that are already being felt," says co-founder and Repath CEO Julius Pröll. "It's important and that we are in line with the current state of the art in science and that we see ourselves as a research-based impact startup." Among others, Better Ventures, an association of business angels, invested in the 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. By the end of the first quarter of 2023, the company plans to hire around ten new employees and thus double its workforce, as announced by co-founder Liza Altena.