Iggy Bassi

Cervest builds a climate intelligence platform that quantifies climate risk for physical assets including agricultural land, commercial real estate, and infrastructure, using AI models that integrate climate science projections with asset-level data to produce probabilistic risk scores across multiple climate scenarios and time horizons. The London company targets institutional investors, insurers, and corporate treasury teams seeking to quantify physical climate risk in their portfolios.\n\nThe company raised approximately $32 million including a Series A round with investors including Astanor Ventures, Alumni Ventures, and the Future Planet Capital fund. Cervest built its EarthScan product as a SaaS platform delivering climate risk analytics for millions of individual assets, compatible with financial reporting frameworks including TCFD and SFDR that require climate risk disclosure from institutional investors. The platform covers risk categories including flood, drought, heat, wildfire, and storm surge across global geographies.\n\nCervest competes in the physical climate risk analytics market alongside Jupiter Intelligence, The Climate Service, and Verisk Climate, as well as large financial data providers including Moody ESG Solutions and S&P Sustainable. Regulatory pressure on financial institutions to disclose climate-related physical risks under TCFD and forthcoming mandatory climate disclosure regimes represents the primary demand driver for the company products. The market is growing rapidly as regulators in Europe, the UK, and North America formalise climate risk reporting requirements for banks, insurers, and listed companies.