Backing from global risk assessment firm Moody's will grow
Global risk assessment firm
The investment is recognition of the huge, and growing, impact that flooding and climate change has on the global financial landscape as well as governmental decisions. Fathom's unique data sets will power insights to inform ESG (environmental, social and governance) policy and help mitigate the potentially devastating socio-economic impact that flooding can have.
'Fathom was formed in 2013 out of the
'National and regional economies, insurers and financial services all need flood mapping data they can rely on, as the impact of flooding can have extremely serious physical, financial and environmental consequences today, that will further be exacerbated by climate change and urbanisation,' said
Fathom has created the most robust and comprehensive flood datasets available using cutting edge science and research. In the last year, Fathom has launched detailed flood risk models for the US and
'Our team of scientists and researchers constantly push the boundaries of flood mapping and risk data,' said
Fathom was advised on the deal by ICON Corporate Finance, which has a long track record of brokering deals with major financial institutions for ambitious small and mid-sized businesses.
Further information
ABOUT FATHOM - FLOOD RISK INTELLIGENCE
Founded in 2013, Fathom is the only research-led global flood modelling business and applies the latest award-winning science to set a new benchmark in flood risk management and mitigation. Fathom uses cutting-edge technology and the most up-to-date data to deliver detailed flood prediction models for risk assessment, climate change analysis and resilience management to global partners. The company delivers flood risk intelligence across multiple sectors including (re)insurance, corporate risk management, engineering, conservation and disaster response. Find information at: http://www.fathom.global
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