With corporations across the world taking a closer look at the effects their operations have on global climate change, investors are backing a crop of software and services that are cropping up to pull back the curtain on those climate impacts.<\/p>\n
The latest of these to raise capital is\u00a0The Climate Service<\/a>, which just closed on $3.82 million in its most recent round of funding.<\/p>\n
Institutional capital, including Persei Venture and Synovia Capital also joined the round.<\/p>\n
The company said it would use the cash to expand the scope of its climate scenarios, risks and asset classes monitored by its software service.<\/p>\n
The Climate Service\u00a0<\/a>\u00a0bases its models and pricing of climate risk on the framework developed by the Task Force on Climate-Related Financial Disclosures, which is used by more than 1,000 organizations around the world, according to the company.<\/p>\n