Earth Blox

High-growth nature and climate tech company Earth Blox, has experienced exponential growth since winning the Converge Challenge category in 2020.

Now one of the leading companies in Scotland’s burgeoning space, data and environmental tech sectors, Earth Blox enables companies and organisations to measure climate and nature risk for all their economic assets and facilities worldwide.

The company’s powerful, no-code, cloud-based platform uses Earth Observation data to analyse satellite imagery making it simple to map and quantify a range of environmental factors. For instance, the technology can assess the extent of large-scale disasters like forest fires in California or flooding in the Caribbean caused by tropical storms.

In 2022, the company, led by Genevieve Patenaude, secured £1.5million funding from Archangels to expand its global reach. To date, the technology has been used to analyse one trillion hectares across 177 countries, equivalent to analysing the entire surface of the earth twenty times over.

Demand is increasing rapidly – particularly in the finance industry and carbon markets – with customers using the satellite imagery analytics to understand climate and biodiversity impacts, risks and opportunities for millions of assets in minutes, all at the touch of a button. This is proving to be a vital resource for organisations such as WWF, Greenpeace and the European Space Agency.

In October 2024, Earth Blox secured a significant £3.4 million in a new funding round led by Mercia Ventures. This new capital is being used to accelerate the company’s expansion in the financial sector.

Following the investment, Earth Blox has made key strategic hires to its senior leadership team and is actively developing new solutions including a portfolio-level analytics tool that enables financial institutions to assess climate and nature risks across their entire investment portfolios.

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