Mitigrate

Mitigrate is a ClimateTech SaaS startup founded in 2021 and headquartered in Norway. The company's slogan "Climate loss prevention that keeps your head above water" encapsulates its mission to address the escalating climate-related challenges. Mitigrate aims to combat the alarming 2000% increase in climate insurance claims since the 1970s, amounting to $630b worldwide in the 2010s, with a focus on preventing climate damages on real estate, particularly flooding. The company leverages high-resolution satellite images, map-based AI models, and optimization algorithms to provide fully automated analyses that prioritize preventive measures. Mitigrate's approach extends beyond flooding to encompass additional risks such as drought, heat, wildfire, landslide, biodiversity, and wind. Notably, the EU Taxonomy has recently mandated prevention for insurers throughout Europe. Mitigrate's business model focuses on reducing risks on individual assets and prioritizing preventive measures within large portfolios of commercial and residential real estate, aligning with the increased importance of proactive risk mitigation. Mitigrate recently secured a €430.00K Pre Seed Round investment on 15 November 2021, with participation from prominent investors including Antler, StartupLab, and Link Venture Capital. The company's innovative approach to climate loss prevention underscores its potential to make a significant impact in the ClimateTech and financial services industries, positioning it as a noteworthy contender in the evolving landscape of climate risk management.