Earth Blox raises £6m to quantify nature-related financial risk using satellite data
This article covers Earth Blox, an Edinburgh-based fintech startup, raising £6m in a growth funding round to expand its team, accelerate product development and enhance its AI-powered nature risk analytics. The funding supports development of a platform that translates satellite and environmental data into decision-ready nature-risk insights for banks, lenders, investors and large corporates.
Earth Blox, an Edinburgh-based fintech startup focused on climate and environmental intelligence, has raised £6m in a growth funding round to expand its team, accelerate product development and enhance its AI-powered nature risk analytics. The capital will be used to grow technical and commercial teams and further develop a platform designed to translate satellite and environmental data into decision-ready insights for businesses and financial institutions.
Why it matters
Financial institutions and large corporates are under growing pressure to quantify how biodiversity loss and climate change translate into financial exposure. Tools that convert complex environmental datasets into portfolio-level risk metrics are becoming essential for risk teams, lenders and investors who need to understand operational impacts, supply-chain vulnerabilities and long-term asset resilience.
Earth Blox positions itself at the intersection of these needs by offering analytics aimed at linking environmental change to business value — a capability that can inform lending decisions, underwriting, and capital allocation.
Inside the product
Earth Blox combines satellite imagery, environmental datasets and client portfolio information with machine learning to produce nature-risk assessments and resilience recommendations. The company says its platform is used by banks, consumer brands, energy companies and agribusinesses to measure exposure and identify interventions.
As an example of the platform in action, Earth Blox worked with Lloyds Banking Group on what it describes as the UK’s largest nature risk assessment in agriculture, analysing 5.1 million hectares of farmland and identifying more than 1.2 million hectares where resilience measures could be introduced.
The company has also appointed Ben Matthews as Director of Nature and Climate. Matthews previously led the nature analytics team at PwC UK and brings experience in environmental risk modelling and sustainability strategy, a hire likely intended to bolster the product’s technical credibility and customer-facing advisory capability.
Who are the investors?
The round is led by PXN Ventures and supported by Scottish Enterprise, with follow-on investment from Archangels and backing from the European Space Agency.
In the announcement, Tom Croy, Investment Director at PXN Ventures, said:
Earth Blox’s ability to turn vast amounts of complex environmental data into clear and actionable insight for businesses and financial institutions is what attracted us to the company.
We believe nature loss and climate change will increasingly shape economic performance and investment decisions over the coming decade. Platforms like Earth Blox will be critical in helping organisations understand these risks and opportunities and direct capital towards more resilient and nature-positive outcomes.
In the announcement, Niki McKenzie, Joint Managing Director at Archangels, said:
As one of Earth Blox’s original investors, we’re delighted to continue backing Genevieve and her team as they scale.
With nearly $29trn in revenues exposed to nature-related risks, the tools Earth Blox has built are increasingly essential to how organisations understand and protect long-term value.
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Founder perspective
In the announcement, Dr Genevieve Patenaude, Founder and CEO at Earth Blox, said:
Businesses are increasingly aware that nature loss and climate risks have direct implications for financial performance, supply chains and long-term resilience.
The challenge is turning complex environmental data into information that can support real business decisions.
Earth Blox was built to bridge that gap, helping organisations see clearly where environmental change affects value and where investment today can strengthen future performance.
The funding and the senior hire signal a push to move beyond pilot projects into broader commercial deployments with more sustained technical support and product development.
The bigger picture
Demand for nature-risk analytics is shaped by commercial incentives and emerging disclosure frameworks such as the Taskforce on Nature-related Financial Disclosures. Banks and asset managers need repeatable, auditable approaches to quantify exposure and prioritise interventions — a context that benefits providers who can scale model outputs across portfolios and geographies.
Public sector involvement from Scottish Enterprise and the European Space Agency highlights how UK and European institutions are supporting startups that marry Earth observation data with financial use cases. The deal also reflects growing interest from fintech investors in tools that help translate environmental risk into balance-sheet and investment decision-making.
This funding round arrives as institutions across the UK and Europe increasingly look for standardised, data-driven ways to assess nature-related risk, suggesting a larger market for analytics platforms that can operate at portfolio scale.
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