Celest Science Funding News- Paris-based Celest Science Raises €2M Seed Funding

Sixteen business angels also joined the round, including big names like Stéphane Guinet (CEO of Kamet Ventures), Christophe Neves (Chief Risk Officer at Skyline), Éric Mignot (CEO and co-founder of +Simple), Didier Valet (Founding Partner at Varsity.vc), and Armando Mann (former executive at Dropbox and Google).

In 2023, climate disasters caused over $100 billion in losses worldwide—including €6.5 billion in France—according to SwissRe and France Assureurs. These rising costs are putting more pressure on insurance companies and other sectors to better understand and manage climate risks.

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At the same time, new EU rules now require organizations to report their climate risks, creating a growing need for accurate, science-based tools.
Celest Science, a Paris-based startup, is stepping in to help. They provide climate risk insights to banks, energy companies and governments. Their tools help these organizations meet regulations and prepare for changing climate risks.

Using climate science and machine learning, Celest builds models that predict extreme weather events. These models go beyond past data—they analyze how land, ocean, and air systems interact to show what’s happening now and what might come next. Their forecasts range from two weeks to six months, helping users plan for both the short and long term.

The company was founded in 2023 by Dr. Léo Lemordant and Professor Pierre Gentine. They met during Lemordant’s PhD at Columbia University. Lemordant also started Enerfip, a renewable energy crowdfunding platform that raised over €600 million. Gentine is a leading climate scientist recognized by the Nobel Prize committee for his work with machine learning in climate research.

Plug and Play is a U.S.-based early-stage investment firm that has backed over 30 unicorns, including big names like Dropbox, PayPal, N26, and LendingClub. They help startups grow by connecting them with more than 650 corporate and government partners, 350+ investors, and a global network of over 60 offices.

astoryaVC is a European investment firm that supports tech startups working to change the insurance industry and tackle new types of risks. They invest in early-stage companies that use software, data, and smart technology to solve problems in the insurance world.

About Celest Science

Celest Science is a company based in Paris that builds AI tools to help predict and understand climate risks, especially those related to water. They mix artificial intelligence with climate science to give useful information to their clients