Previsico raises further funding to accelerate growth in Europe and enable US expansion | Previsico
Summary
Today, Previsico announced that it is delighted to have completed its latest funding round, at a significantly higher valuation than the prior one in August 2021. This round was led by VC investor 24Haymarket (24H) and supported by the Foresight Group (Foresight), a leading infrastructure and private equity investment manager.The investors recognised the traction that Previsico has gained with major corporations such as Network Rail, National Grid and The Guinness Partnership and leading insurers such as Zurich, Liberty Specialty Markets, and Generali along with the huge commercial potential for its world-leading live flood forecasting technology and its ability to have substantial, positive environmental and social impact. We are thrilled to support Previsicos CEO Jonathan Jackson and his wider team on this exciting journey.Anastasia Sagaidachna, Investment Manager at Foresight, said: Floods are one of the most common and most destructive natural hazards, and are becoming more frequent. in 2021.David Marock, Chairman of Previsico, said: We are delighted to have secured enthusiastic support from two distinguished investment houses for this funding round. This resounding vote of confidence in our vision, which will enable us to build on our success to date here in the UK while also expanding into the US, fuels our excitement and commitment to enhancing resilience by predicting and mitigating flood impacts globally.