TLDR:
– Natcap, a nature risk management and reporting solutions provider, raised $10 million in a Series A funding round.
– The funding will be used to scale its technology to help companies quantify and embed nature-related risks and opportunities into business strategy.
Nature and biodiversity intelligence company Natural Capital Research (Natcap) recently announced that it raised $10 million in a Series A funding round. The funds will be utilized to scale its technology aimed at assisting companies in quantifying and embedding nature-related risks and opportunities into their business strategies. Natcap, spun out of Oxford University in 2018 by Professor Baroness Kathy Willis, focuses on guiding businesses through measuring, reporting, and acting on nature-related risks, dependencies, and opportunities in operations, products, and supply chains to develop resilient nature strategies.
CEO Sebastian Leape expressed excitement over the investor interest in the company even amidst a challenging fundraising environment globally. The investors’ support is seen as an endorsement of the market need for a simple solution for companies grappling with nature risks and reporting needs under regulations such as the EU’s CDSD and SFDR, as well as those reporting voluntarily under the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations. Investors in the funding round included André Hoffmann, Norinchukin Capital, Yeo Ventures, Pelican Ag, and former Refinitiv CEO David Craig. Previous investors also participated in the round, including Oxford Science Enterprises, funds advised by MW&L Capital Partners, and Alea Iacta Est, who were part of the company’s previous seed round.
Natcap’s selection as one of the four UK tech companies to receive government support for expansion into the Japanese market was also mentioned. André Hoffmann, Vice-Chairman of Roche Holding AG, praised Natcap’s innovative and science-based approach to assessing nature risk and opportunity, emphasizing the importance of embedding nature into business decision-making. Hoffmann, a senior advisor to the Taskforce for Nature-Related Financial Disclosures (TNFD), looks forward to working with the Natcap team to help achieve their ambitious goals.
