Floodbase Raises $12M in Series A funding
- Floodbase, a New York-based climate adaptation technology company that provides data and analysis on flooding and flood risk, raised $12M in Series A funding
- The round was led by Lowercarbon Capital with participation from Collaborative Fund, Floating Point and Vidavo
- The company intends to use the funds to make parametric flood insurance policies available worldwide, protecting consumers and supporting climate change adaptation
- The company is a climate adaptation technology company that provides precise, near real-time data and analysis on flooding and flood risk
- Powered by 15 satellites, machine learning, and on-the-ground data, its technology provides data to insurance companies and governments to inform flood preparedness and recovery decisions
