October 24, 2023
Rhizome, which makes software to help utilities navigate climate risks, has raised a $2.5 million round.
Why it matters: The funding marks the startup's official launch, at a time when utilities are seeing more extreme weather and soaring demand for clean electricity.
Investors in the seed round for the Washington, D.C.-based company included Looking Glass, Intelis Capital, Jetstream, El Cap, Streetlife, Everywhere, and Stepchange.
The Rhizome SaaS platform quantifies the economic and social impacts of infrastructure investments to enhance climate resilience for communities and businesses.
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