Unwritten raises $3.5M to quantify climate risk for investors

Unwritten, formerly Dovetail Finance, has raised $3.5M Seed funding to inform investors about how climate change will impact companies in their portfolio.

The company quantifies the impact climate events caused by global warming, incorporating that factor into their analysis of macroeconomic trends. Its software employs big data techniques to model the complex interactions between regions, sectors, policies, and technologies. 

Unwritten’s co-founders met as data leads at US spy tech firm Palantir Technologies, where they created climate analytics software. They founded Unwritten in 2022 and have previously secured £750k in Pre-Seed funding.

London-based software VC Connect Ventures led the round, followed by climate VC Planet A Ventures and other VC and angel investors from academia and industry including Sand River and Adapt Nation Capital. 

“The climate transition is the biggest risk and opportunity facing the global capital markets in our generation. We believe every capital allocator will utilise transition risk intelligence in the same way they do with audited financial statements today. We're incredibly excited and proud to partner with the Unwritten team and believe they have the unique domain insights, technical capabilities and vision to build a category defining company in the emerging field of climate risk intelligence” says Rory Stirling, Partner at Connect Ventures. 

Unwritten co-founder and CEO Amos Wittenberg shared: “Great analytics help people ask the right questions in the right language, to inform the decisions their organisations make. Unwritten makes financial sense of the climate transition — not to predict the future, but so our clients can make the capital allocation decisions to build it.”