Natural Capital Research Limited (Natcap) announced it has secured $10 million in an oversubscribed Series A funding round to scale its pioneering nature tech product. This funding will help accelerate Natcap’s rapid growth supporting organisations to understand their nature-related risks and opportunities. The company’s focus is to scale the delivery of high-quality nature data to the growing number of companies in scope for the EU’s Corporate Sustainability Reporting Directive (CSRD), the EU’s Sustainable Finance Disclosure Regulation, or those voluntarily reporting under the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations. Natcap is one of the first nature and biodiversity intelligence companies globally to complete Series A financing in the nascent market.
Natcap has secured new funding from André Hoffmann, Norinchukin Capital, Yeo Ventures, and Pelican Ag. The round also includes investment from former CEO of Refinitiv David Craig, as well as follow-on investments from Oxford Science Enterprises, funds advised by MW&L Capital Partners, and Alea Iacta Est, all of which participated in the company’s £2.5 million seed round in early 2023. This is a notable endorsement of the positive work Natcap is doing and sets the stage for their trajectory as nature reporting becomes mandatory across the globe.
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Natcap’s innovative platform brings together the world’s best science, data and technology, empowering companies to measure, report and act on nature-related risks and opportunities. The company was founded in 2018 by Professor Baroness Kathy Willis at the University of Oxford and others, and is on a mission to embed nature intelligence into business decision making.
The company has developed world leading technology to support 20+ organisations, including collaborating with Tesco’s Nature Programme, and a partnership with MS&AD Insurance Group Holdings. Natcap was recently selected as one of just four UK tech companies to receive government support from the UK-APAC Tech Growth Programme for expansion into the Japanese market.
Quote from Natcap CEO, Sebastian Leape:
“It has been truly exciting to see the level of investor interest in our company, particularly in a less-than-optimal fundraising environment globally,” said Sebastian Leape, CEO of Natcap. “We see our investors’ support as a further endorsement of the market need for what we offer: a simple, straightforward solution for companies grappling with nature risks and reporting needs under CSRD and TNFD. We look forward to scaling our offering, allowing more organisations to integrate nature into their decision-making, and accelerating the world’s transition to a nature-positive future.”
SOURCE: Businesswire