On July 21, 2021, ClimateAi announced a $12 million Series A financing round led by AI-focused Radical Ventures with participation from FootPrint Coalition. ClimateAi aims to be deployed across half a billion acres of farmlands around the globe within the next three years and to expand its platform to support solutions across other industry supply chains with the funding.
Radical Ventures is a Toronto-based venture capital firm that invests in deep tech.
ClimateAi helps companies better manage climate risk with actionable intelligence to design and protect global supply chains. Leveraging proprietary AI modeling, ClimateAi delivers weather and climate predictions and conversion into business impact.
Osler, Hoskin & Harcourt LLP advised Radical Ventures with a team consisting of Chad Bayne, Gary Marshall (Emerging and High Growth Companies) and Jillian Mulroy (Corporate).