ImpactAlpha, August 25 – Investing in the improvement and climate-resilience of America’s aging infrastructure is the hot private-sector opportunity, particularly in light of the government’s $1 trillion infrastructure bill (for background, see “Business leaders rally to U.S. infrastructure bill to mobilize capital for climate solutions”).
New York-based Urbint makes software that helps utilities and operators identify where those investments are needed, by forecasting damages and failures due to age and climate incidents. The company claims its software last year prevented emissions of methane, a potent greenhouse gas, equivalent to 60,000 metric tons of CO2.
Customers include utility companies National Grid and Southern Company.
Urbint’s $60 million Series C round was led by Energize Ventures with participation from American Electric Power, OGCI Climate Investments, Energy Impact Partners, National Grid Partners, Blue Bear Capital and Salesforce Ventures.