Tech Company Financing Transactions
Floodbase Funding Round
Floodbase, based in Brooklyn, received $12 million from Collaborative Fund, Floating Point and Lowercarbon Capital.
Transaction Overview
Company Name
Announced On
1/26/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Proceeds Purpose
One major impact -- rising waters and heavier precipitation in some regions -- is already being felt and has spawned a niche insurance area that entrepreneurs and investors are building.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1 Dock 72 Way, Floor 7
Brooklyn, NY 11205
USA
Brooklyn, NY 11205
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of a remote sensing platform designed to track floods in real-time. The company's platform uses satellites and artificial intelligence to directly observe floods without ground equipment, algorithms to smooth out difficult terrain and eliminate clouds to see the floods below, monitors people and assets at risk, pinpoints blocked roads, and measures the amount of property and agricultural damage, enabling catastrophe insurers, communities and watershed managers to understand their risk and prepare and respond to the next flood.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bessie Schwarz
Co-Founder
Beth Tellman
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