Unwritten, formerly Dovetail Finance, has successfully concluded a seed funding round, securing $3.5 million.
Headquartered in London, the startup specializes in climate risk intelligence, addressing the growing demand in this field. Spearheaded by Connect Ventures, a London-based software-focused venture capital firm, the funding round also saw participation from Planet A Ventures, a climate-centric VC, as well as notable investors such as Sand River and Adapt Nation Capital, alongside academic and industry angel investors.
The company’s platform utilizes big data analytics to assess the potential impact of climate change on global companies. By modeling interactions between regional climates, market sectors, policy changes, and technological advancements, Unwritten offers comprehensive insights into macroeconomic trends. The funding will fuel further development of their climate risk analytics software, aimed at better serving investors seeking to understand and mitigate climate-related risks in their portfolios.
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Notably, Unwritten’s co-founders honed their expertise in climate analytics during their tenure at Palantir Technologies, emphasizing the company’s robust analytical capabilities. CEO Amos Wittenberg envisions Unwritten as a provider of essential analytics, enabling informed decision-making amidst the climate transition. He emphasizes the company’s role in facilitating capital allocation decisions to shape a sustainable future.
This seed funding round follows a successful pre-seed round where Unwritten raised £750k, underscoring investor confidence in the company’s vision and potential. With this infusion of capital, Unwritten is poised to further innovate in the realm of climate risk intelligence, contributing to the growing awareness and management of climate-related challenges in the financial sector.
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