- Singapore-based Climate Alpha secures $5 million seed funding for AI-driven climate change impact analysis.
- Founded by geography expert Parag Khanna, Climate Alpha explores spatial finance, analyzing climate, geopolitics, and economics.
- Climate Alpha aims to develop a global resilience index and expand its platform with Series A funding.
Climate Alpha, a startup based in Singapore founded by Parag Khanna, has secured $5 million in seed funding through Jungle Ventures' First Cheque@Jungle program. The company, founded by a geography and globalization expert, utilizes AI technology to assist real estate owners and investors in analyzing the effects of climate change on their portfolios.
He authored a book titled "Move: Where People are Going for a Better Future" before establishing the organization. The book explores the impact of climate change, geopolitical changes, and technology on people's choices of where to live.
Decoding climate impact: Real estate Insights through GIS and economic models
The platform uses GIS data and economic modeling to help real estate owners understand the impact of climate change on their property. Climate Alpha aims to unravel the intricate relationship between geopolitics, demographics, climate change, geography, and economics through "spatial finance."
Khanna's perspective: Navigating the complex web of real estate factors
Real estate prices have consistently increased for many years, but things have changed. The reasons for this change could be climate change and the subsequent rise in insurance costs, people moving away from specific areas, and a few other factors. Khanna mentioned that they analyze these intricate relationships to provide better guidance on where to invest and where not.
In the first half of 2024, the startup intends to secure a Series A funding round. This funding will be utilized to develop a global resilience index, leverage data and other exclusive geospatial datasets, and expand the platform to public investors.
Edited by Shruti Thapa
