Sensible Weather, a climate risk technology company, has raised $4m in seed funding led by Wonder Ventures and Walkabout Ventures.
Founded in 2019 by climate scientist Nick Cavanaugh, Sensible aims to de-risk the weather for travel and hospitality brands and their consumers. Sensible’s first product offering, a partner-branded Weather Guarantee service, automatically reimburses travellers when bad weather impacts their in-trip experience.
Additional participants in the round include Group 1001, Spencer Rascoff’s 75 & Sunny Ventures, Raj Gokal of Solana Labs, Spike Lipkin & Gordon Wintrob of Newfront Insurance, and Kiran Bhatraju of Arcadia Energy.
The investment, combined with a research and development grant from the National Science Foundation, and significant new debt capacity to support underwriting, brings the company’s total financing to approximately $10m.
This capital, Sensible said, will allow it to continue building its team of engineers and scientists, increase investment in its proprietary climate data and risk analytics platform, and accelerate expansion of its Weather Guarantee offerings into new travel verticals.
Founder Cavanaugh said, “With climate increasingly impacting vacations, in-destination experiences, and outdoor events, Sensible’s Weather Guarantee service offers consumers assurance when booking reservations online as travellers can now recoup their experiential losses when bad weather interferes with their plans
“Our embedded FinTech service helps customer-centric travel brands increase conversion rates and ancillary revenues, while at the same time decreasing last-minute cancellations and enhancing their guest experience.”
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