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There's a new darling of Silicon Valley, and it's one that's focused on helping investors better understand the climate risks facing their portfolios.
Alter Climate has been named a winner in the "Next Big Thing" category of the World Circular Economy Forum's annual list of the world's most promising circular economy startups, reports the Washington Post.
The San Francisco-based company, which was founded in 2014, analyzes the effects of climate change on financial markets and provides clients with " actionable climate intelligence," according to a press release.
"The exponential growth of thecircular economy has created a new frontier for investment, and Alter Climate is uniquely positioned to take advantage of it," says the forum's executive director.
Alter Climate is backed by venture capital firms including Andreessen Horowitz and Kleiner Perkins Caufield & Byers, and it has raised more than $10 million from investors, per the Post.
"The exponential growth of thecircular economy has created a new frontier for investment, and Alter Climate is uniquely positioned to take advantage of it," says the co-founder of Kleiner Perkins.
(A recent study found that investors who knew about the risks of climate change were more likely to make investments in it.) Read the Entire Article
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