EarthCare.ai: Turn Complex Climate & Weather Data into Actionable Insights

EarthCare.ai Fast Facts

Headquarters

Skopje, Macedonia

Product

The technical backbone of EarthCare.ai's aggregation and data delivery system is based on the initial system they developed for years for our first venture - AirCare (the air quality app). EarthCare.ai found a fast and scalable way of taking in large amounts of data from multiple sources every hour, normalizing it and unifying it in a singular format. The beauty for companies using EarthCare.ai's data is that they can define their own format for usage, and don't need to conform to what we force them to use.

Funding

EarthCare.ai has raised $120,000 from Techstars and is actively raising $500,000 for their Pre-Seed round.

Team

CEO & Co-founder: Gorjan Jovanovski

• Founder of AirCare - the app that tracks air quality and helps you know what you breathe

• Held a TED talk on air pollution and how data with technology can help combat it

• Prev. technical lead at Booking.com

CTO & Co-founder: Dragan Gelevski

• CTO & Co-founder of AirCare - the app that tracks air quality and helps you know what you breathe

• Technical background developing innovative solutions

Business Model

EarthCare.ai offers a SAAS based model for accessing data on a yearly basis.

Market Opportunity

The Global Disaster Preparedness Systems Market Size gathered $154.8B in 2021 and is set to garner a market size of $296.7B by 2030 growing at a CAGR of 7.7%. The time is better than ever, and the competition is lagging behind by not delivering a one-stop-shop solution that relies on the latest academic methods of data normalization between ground stations & satellites.

Traction

• Raised $120K from Techstars

• Discussing with high-level EU insurance companies for a proof of concept co-creation phase

Why Now?

We are in the midst of the climate crisis, and severe weather is our new daily normal. In 2022, $300B worth of damages were created due to natural disasters, and this number is rising 15% year over year. For the first time in history, 2021 and 2022 broke the $100B mark in claim payouts by insurance companies, sending the industry in a panic. EarthCare.ai helps you access environmental data so that business, like the insurance industry, retail, real-estate, governments and researchers, can have a one-stop-shop and focus on creating more resilient businesses and policies instead of worrying about data aggregation and quality.

Climate Impact

By giving government agencies and policy makers simple and easy access to a treasure trove of climate and environmental data, EarthCare.ai will allow them to come up with more resilient and effective policies for battling climate. The first step to solving any issue is to have data driven decision making.

Support EarthCare.ai

Investors: EarthCare.ai is looking for investors interested in joining their current Pre-Seed round - raising $500,000

Advisor: EarthCare.ai is hoping to connect with anyone with experience in the insurance/reinsurance industry

Customers: EarthCare.ai would love to connect with EU/US P&C insurance/reinsurance companies

Climate Tech Funding

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The State of Climate Tech 2023

The State of Climate Tech 2023 Report is out now! Net Zero Insights’ yearly analysis on global funding and deal activity in the private market venture space. Quick takes:

• Steady Rise of Non-Dilutive Funding

• A big F-O-A-K ing Year

• Record Year for (Corporate) Acquisitions

Latest Climate Deals

• Concrete4Change, a Nottingham, UK-based advanced materials company, raised £2.5M in Seed funding to scale its technology from the lab environment to pilot projects
  Investors: Zacua Ventures, Counteract, Goldbeck

• Gryd Energy, a London-based solar startup, raised £1M in Pre-Seed funding to revolutionize solar panels on new-build homes
  Investors: Antler

• Eddy Grid, a Germany-based energy storage startup, raised €1.5M in Pre-Seed funding to tackle overburdened grid congestion
  Investors: Graduate Entrepreneur, Herberth Samsom, Rockstart, Volve Capital, Jan Saan, Thijs Verheul, Sjuul Berden

• Inherit Carbon Solutions, a environmental services company, raised a Seed round to accelerate carbon removal
  Investors: Sumitomo Corporation, Farvatn, Momentum, and Arkwright X, Equinor Ventures, Stratel Ventures

• Vyld, a Berlin-based a profit-for-purpose company, raised $106K in Seed funding to enable the market entry of the “Tangpon“, the world’s first tampon made from seaweed
  Investors: European Union, German government