Repath, a promising climate tech startup focused on the energy sector, has successfully closed a seed financing round, raising €3.6 million. The round was co-led by Greencode Ventures and Lightbird, with participation from early investors such as Alexander Brühl, SaaSgarage, Nucleus Capital, and WENVEST Capital. The funding will be used to further develop Repath’s AI-driven platform, which helps energy companies navigate the complex challenges posed by climate change.
Repath’s mission: building climate-resilient energy infrastructure
Founded in 2021 at the University of Hamburg, Repath aims to make companies in the energy sector more resilient to the growing impacts of climate change. The effects of global climate shifts are increasingly becoming a significant burden for these companies, with risks including financial losses, reputational damages, and potential non-compliance with evolving regulations.
Repath’s platform addresses these challenges by conducting in-depth, asset-level analysis of energy infrastructure using cutting-edge scientific data. The platform accurately identifies specific vulnerabilities within energy assets, enabling companies to implement targeted adaptation strategies. By doing so, Repath supports the development of infrastructure that is not only resilient to current climate risks but also adaptable to future challenges.
A growing team with a clear vision
Currently employing a team of twelve, mainly composed of climate scientists and data engineers, Repath has plans to double its workforce by the end of 2026. The seed funding will significantly contribute to this growth, allowing the company to expand its expertise and further refine the functionalities of its platform. The company’s software-as-a-service (SaaS) solution, which is based on artificial intelligence, is designed to provide comprehensive, data-driven insights that help energy companies stay ahead of climate-related risks.
Leadership committed to tackling climate change
The founding team of Repath consists of Julius Pröll (CEO), Liza Altena (CCO), Dr. Thomas Remke (CRO), and Sebastian Bartels (CTO), all of whom bring a wealth of knowledge and experience in climate science, engineering, and business development. Together, they have built a company that is deeply committed to helping the energy sector adapt to the inevitable changes that climate change brings.
“We are excited to partner with Greencode and Lightbird, two visionary investors who share our passion for addressing climate change,” said Julius Pröll, CEO of Repath. “This funding will fuel our growth, allowing us to expand our team, enhance our platform, and solidify our position as a leader in the energy climate intelligence market.”
Strategic investment for a sustainable future
The seed funding round, led by Greencode Ventures and Lightbird, underscores the confidence investors have in Repath’s mission and technology. Lightbird, known for its geo-focused investments in Europe, and Greencode Ventures, which specializes in digital-first green transition startups, are ideal partners for Repath as it scales its operations. Their support will be instrumental in helping Repath achieve its ambitious goals.
The additional capital will be directed towards enhancing Repath’s platform, particularly its AI-driven features, and expanding the team to support the increasing demand for comprehensive climate risk assessments in the energy sector. Repath’s platform already provides over 400 simulations from regional climate models, analyzing more than 13 climate hazards across 11 asset types, making it a powerful tool for energy companies aiming to future-proof their operations.
