[Funding alert] London-based Unwritten Secures $3.5Million in Seed Funding

Unwritten, formerly Dovetail Finance, secures $3.5million in seed funding to educate investors on the effects of climate change on the companies in their portfolio.

The business measures the effects of climate events brought on by global warming and takes it into account when analysing macroeconomic patterns. Its software models the intricate relationships between different industries, geographies, policies, and technology by utilising big data approaches.

The co-founders of Unwritten first collaborated on climate analytics software while working as data leads at US espionage tech company Palantir Technologies. They raised £750k in Pre-Seed finance before founding Unwritten in 2022.

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Leading the investment was London-based software venture capital firm Connect Ventures, with additional VC and angel investors from academics and business, including Sand River and Adapt Nation Capital, and climate venture capital firm Planet A Ventures.

Rory Stirling, Partner at Connect Ventures said, "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”.

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.”

About Unwritten

Unwritten's goal is to include climate change into all capital allocation choices. The global economy is being rewired by climate change. Financial decision makers are assisted in managing opportunities and risks by our data and experience.

In 2022, the former leaders of Palantir Technologies' climate data solution launched it in London. Leading venture funds and specialists in climate transformation support the business.