The impact of climate change on infrastructure, properties, agriculture and human health could cost the global economy some $3 trillion per year by 2050.
Unwritten (formerly Dovetail Finance) was launched in 2022 to help private equity firms, asset managers, banks and other financial institutions translate climate-related risk and opportunities into useful financial data.
The London-based company’s analytics platform can be used for due diligence analysis, in-house cash flow modeling, climate risk assessment and reporting. A bank, for example, can use the software to integrate climate transition risks into lending decisions and pricing.
“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, ”said Unwritten’s Amos Wittenberg, who, with cofounder Phillip Marks, led Silicon Valley darling Palantir’s climate data modeling.
Investors in Unwritten’s seed investment round include Connect Ventures, Planet A Ventures and other venture and angel investors. “We believe every capital allocator will utilize transition risk intelligence in the same way they do with audited financial statements today,” said Connect’s Rory Stirling.
