Unwritten Raises $3.5M to Integrate Climate Change into Investment Strategies

Unwritten Raises $3.5M to Integrate Climate Change into Investment Strategies

London-based startup Unwritten aims to bridge this gap by incorporating climate change considerations into every investment decision. Recently rebranded from Dovetail Finance, Unwritten secured $3.5 million in seed funding to further its mission.

Led by London-based software VC Connect Ventures, along with climate-focused VC Planet A Ventures and a consortium of investors from industry and academia including Sand River and Adapt Nation Capital, funding Unwritten Climate Change will enable integration of factors into capital allocation strategies.

Founded in 2022 by Dr. Philip Marks and Amos Wittenberg, both former Palantir Technologies executives, Unwritten leverages cutting-edge technology to translate the complexities of climate change into actionable financial insights. The company boasts a board of respected academic advisors, including Oxford University Professor Cameron Hepburn, ensuring its approach is aligned with the latest intellectual frameworks.

Non-linear approaches include translating climate system dynamics into firm-level financial data, using big data techniques to model interactions between regions, sectors, policies and technologies. This enables Unwritten to provide comprehensive analytics covering private and public companies, facilitating informed decision-making in the investment arena.

Amos Wittenberg, CEO of Unwritten, emphasized the role of analytics in empowering organizations to effectively navigate climate change. “Great analytics help people ask the right questions, in the right language, to inform their organizations' decisions,” Wittenberg said. “Unwritten climate transition makes financial sense – not to predict the future, but so our clients can make capital allocation decisions to build it.”

With climate change posing both threats and opportunities to global capital markets, the unwritten approach is to integrate transition risk intelligence into investment practices, akin to the use of audited financial statements. Rory Sterling, partner at Connect Ventures, expressed his excitement for the partnership with Unwritten, citing their unique insights, technical capabilities, and vision in the growing field of climate risk intelligence.

As the integration of climate considerations into unwritten investment strategies continues, the convergence of climate science and finance promises to reshape the future of investment decision-making, a Driving the transition to a sustainable, low-carbon economy.

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