Mitiga Solutions

What Mitiga Solutions does

Mitiga Solutions is a Barcelona-based climate risk intelligence company spun out of Spain's National Supercomputing Centre (Barcelona Supercomputing Center) in 2019, serving asset-heavy enterprises and consultancies that need forward-looking physical climate risk data. The company combines physics-based climate models, AI, and high-performance computing in its core EarthScan™ SaaS platform, producing asset-level risk ratings, Climate Value at Risk (CvAR), and return-period loss estimates across acute (flood, wildfire, wind) and chronic (heat, drought, precipitation) hazards for global portfolios. The platform's proprietary Signals Engine and Multiple Futures Model integrate CMIP6 and CORDEX datasets with proprietary downscaling and Bayesian inference, projecting scenarios from 1970 to 2100 in five-year increments; companion modules EarthScan Disclose (regulatory-aligned CSRD, IFRS S2, TCFD, EU Taxonomy, SB 261 reporting) and the API Suite extend the platform into compliance workflows and enterprise system integration. Volcano Scan offers specialised volcanic catastrophe models applied within Spain's national risk framework.

The business is structured around a hybrid B2B go-to-market: enterprise field sales for large accounts, a freemium/free-trial entry point (EarthScan Pro) for product-led acquisition, and an API/cloud marketplace distribution layer across Microsoft Azure and AWS. Named enterprise customers and partners span infrastructure investment (Arjun Infrastructure Partners), insurance (HDI Global, Howden Re), asset management (Fengate, Capital Dynamics), luxury goods (Breitling), mining (Orla Mining), government (Spain's CCS, NHS), and technology (Microsoft), supported by a consulting partner channel including Accenture, ClimeCo, dss+, Envantage, and Sustain 2050, plus strategic investor Telefónica. Capital structure combines venture equity — Sabadell Venture Capital seed, Kibo Ventures-led $14.3M Series A (May 2023), €8M Series A extension led by Elaia (April 2024), Telefonica strategic investment (Feb 2024) — with non-dilutive EIC Accelerator grant funding (Feb 2026). The company also acquired Cervest in July 2023 to broaden climate science capability.

Name

Mitiga Solutions

Legal name

Mitiga Solutions

Website

https://mitigasolutions.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Mitiga Solutions is a Barcelona-based climate risk intelligence company that provides enterprise SaaS, APIs, and disclosure modules for forward-looking physical climate risk assessment, primarily serving financial services, insurance, energy, and infrastructure organizations globally.

Ownership category

akta.pro rank

Product category

Climate Risk Intelligence Software

NAICS

Environmental Consulting Services (54162), Computer Systems Design Services (541512)

SIC

Services-Commercial Physical & Biological Research (8731), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC) (EUABALAG)

akta.pro secondary industries

Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Financial Climate Stress Testing & Portfolio Analytics (Banks, Asset Managers, Insurers) (EUABALAE), Insurance Underwriting, Pricing & Accumulation Tools (P&C, Specialty, Parametric) (EUABALAF), Downscaled Climate Projections & Scenario Analytics (CMIP, SSP/RCP, Regionalization) (EUABALAB)

Keywords

• Climate risk intelligence
• Physical climate risk
• Climate risk analytics
• Regulatory climate disclosure
• Volcanic risk modelling

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. EarthScan SaaS Platform Subscription: Subscription-based SaaS access to the EarthScan platform with tiered plans. Enterprise plans include extended functionality such as portfolio uploads, advanced analytics, team collaboration tools, and API access. Free trial available for initial evaluation.
2. API Access: API access sold as part of paid enterprise plans, enabling integration of climate risk data into client workflows and systems.
3. Professional Services & Expert Support: Specialized onboarding, platform training, and scientific best practices support. Dedicated team provides tailored assistance from onboarding to full-scale rollout.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

Mitiga Solutions provides science-based climate risk intelligence through its EarthScan™ SaaS platform, combining AI, physics-based models, and high-performance computing to deliver forward-looking, asset-level physical climate risk assessments for enterprises. The platform integrates CMIP6 and CORDEX climate datasets with a proprietary Signals Engine and Multiple Futures Model to quantify hazard exposure (flood, wildfire, heat, drought, wind, coastal surge) and financial losses (Climate Value at Risk) across 180+ countries. Offerings include portfolio-level risk benchmarking, site assessment, regulatory disclosure automation (CSRD, IFRS S2, TCFD, EU Taxonomy, SB 261), and API-based integration into enterprise ERM/ESG/financial systems, supported by a volcanic risk catastrophe model co-developed with Howden Re.

Product overview

Mitiga Solutions delivers science-based climate intelligence through a platform-plus-modules architecture. The core offering is EarthScan™, an AI-powered SaaS platform for assessing, reporting, and acting on physical climate risks, supported by the proprietary Signals Engine and Multiple Futures Model. Two additional modules extend the platform: Disclose automates regulatory climate risk reporting aligned with CSRD, IFRS S2, TCFD, EU Taxonomy, and SB 261; and the Mitiga Solutions API Suite enables enterprise integration of validated climate data into ERM, ESG, and financial systems. The platform is accessible via SaaS, API, and cloud marketplaces (Azure, AWS).

Differentiator

Problem solved

Functional benefit

Brands

• EarthScan™: Primary SaaS platform providing science-based climate intelligence for assessing, reporting, and acting on physical climate risks. Powers climate hazard analysis, portfolio assessment, compliance reporting, and API access for climate risk data.
• EarthScan Disclose
• EarthScan API
• Volcano Scan

Products and services

• EarthScan™

Quantifiable outcome

• Fengate saved €9,000 per asset on due diligence costs with ~€94,000 annual savings, reducing analysis time from weeks to hours
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature8 records

Partnerships

16 partnerships are on record, tiered strategic partnership, core partnership, technology partner, consulting partner, government partnership, association partnership, ecosystem partner and validation partner.

• Enzo Advisorsstrategic partnershipStrategic or Co-development Partner · 19 June 2026Partnership combining Enzo Advisors' strategic sustainability advisory experience with Mitiga's scientific climate modelling capabilities through EarthScan. Delivers integrated advisory plus technology approach for physical climate risk assessment globally.
• Howden Recore partnershipStrategic or Co-development Partner · 31 March 2026Extended partnership with global reinsurance broker Howden Re to provide comprehensive volcanic risk modelling for Spain. Applied Mitiga's proprietary catastrophe models to Canary Islands for national volcanic risk assessment framework developed with Spain's Consortium de Compensación de Seguros (CCS).
• Microsofttechnology partnerTechnology or IntegrationMicrosoft is validated as a trusted partner and technology ecosystem member. Mitiga's Brad Smith quote states 'Mitiga Solutions is setting a new standard for how AI and climate science come together to drive real-world resilience.' Cloud partner with presence on Azure Marketplace.
• AWStechnology partnerTechnology or IntegrationAmazon Web Services partnership providing cloud infrastructure through AWS Marketplace. Enables customers to access EarthScan using existing AWS infrastructure commitments.
• Barcelona Supercomputing Center (BSC)core partnershipTechnology or IntegrationFounding partner and spin-off origin. Mitiga Solutions was founded as a spin-off from Spain's National Supercomputing Centre (BSC). BSC provides high-performance computing backbone for Mitiga's climate modelling. Independent verification confirms scientific rigour.
• HDI Globalcore partnershipStrategic or Co-development PartnerInternational insurance company (part of Talanx Group) collaborating on climate risk solutions. HDI Global uses EarthScan to support clients in meeting regulatory requirements and enhancing underwriting decisions with forward-looking risk data.
• ClimeCoconsulting partnerChannel Partner/ Reseller/ DistributorGlobal sustainability company and consulting partner integrating EarthScan into client engagements. Specializes in market-based solutions for low-carbon transition.
• Accentureconsulting partnerChannel Partner/ Reseller/ DistributorGlobal professional services firm and consulting partner using EarthScan to integrate climate risk insights into client engagements across industries.
• Telefónica Techconsulting partnerChannel Partner/ Reseller/ DistributorTelefónica's technology services subsidiary specializing in systems integration, cybersecurity, cloud, IoT, big data, AI, and blockchain. Partnership enables delivery of climate risk solutions to enterprise customers.
• dss+consulting partnerChannel Partner/ Reseller/ DistributorGlobal safety and sustainability consultancy serving high-risk industries. Uses EarthScan to help clients increase safety standards, reduce risk, and improve sustainability.
• Envantageconsulting partnerChannel Partner/ Reseller/ DistributorUK-based energy and sustainability consultancy specializing in low carbon solutions, regulatory compliance, and energy procurement. Uses EarthScan for climate risk assessments.
• Sustain 2050consulting partnerChannel Partner/ Reseller/ DistributorAustralian sustainability consultancy using Mitiga's API to scale climate risk analysis across thousands of client assets. Delivers CVaR and financial metrics for infrastructure, real estate, and financial services clients.
• Consortium de Compensación de Seguros (CCS)government partnershipStrategic or Co-development PartnerSpain's public insurance entity collaborating with Howden Re and Mitiga on national volcanic risk assessment framework for Canary Islands. Partnership responds to 2021 Cumbre Vieja eruption causing $800M+ economic damage.
• Foréticaassociation partnershipStrategic or Co-development PartnerSpanish sustainability business association that Mitiga joined in April 2024 to collaborate on ESG and sustainability standards in Spain.
• Norrsken Barcelonaecosystem partnerStrategic or Co-development PartnerMitiga joined Norrsken Barcelona in October 2023, Europe's largest tech and impact hub, providing access to ecosystem of impact-focused startups and resources.
• UNDPvalidation partnerStrategic or Co-development PartnerUnited Nations Development Programme validated Mitiga's methodology for scientific rigour and practical application of climate risk analytics.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Jupiter Intelligence: US-based climate risk analytics platform offering asset-level physical climate risk scoring and portfolio exposure analysis for financial services, real estate, and infrastructure—closely comparable to Mitiga's EarthScan offering across acute and chronic hazards.
• Climate X: UK-based climate risk analytics provider delivering asset-level physical climate risk data, loss modeling, and integration into enterprise workflows for finance and real estate—overlapping with Mitiga's EarthScan portfolio assessment and API suite.
• Risilience: Climate risk analytics platform combining physical and transition risk for financial institutions and corporates, with scenario analysis and adaptation planning—closely aligned to Mitiga's financial-services use cases and CSRD/TCFD reporting focus.

Emerging players

• The Climate Service (now part of Mastercard): Climate risk analytics firm delivering forward-looking physical risk metrics and financial impact quantification for corporates and investors—directly comparable methodology to Mitiga's CvAR-driven workflow, with broader reach via Mastercard.

Broad incumbents

• Moody's (Four Twenty Seven): Moody's acquired Four Twenty Seven in 2019 to embed asset-level physical climate risk scoring into its ratings and ESG data products—broad incumbent competitor with deeper enterprise distribution than Mitiga in regulated financial markets.
• MSCI: Global provider of ESG and climate data, including physical and transition risk analytics (formerly Carbon Delta) integrated into MSCI ESG Research. Competes with Mitiga for the same institutional investor and corporate sustainability budgets at much larger scale.
• S&P Global (Trucost): S&P Global Trucost provides climate and environmental data and analytics to corporates, investors, and governments, with established climate risk disclosure offerings that overlap directly with EarthScan Disclose.
• Verisk Maplecroft: Global risk analytics firm covering political, environmental, and physical climate risk for multinational corporations and investors—broad incumbent competing for the same enterprise and insurance climate risk budgets as Mitiga.
• Bloomberg (BESG / Climate Data): Bloomberg's ESG data products include physical climate risk metrics integrated into its terminal and enterprise data feeds, providing incumbents in financial services with native climate analytics—an indirect but significant competitor for enterprise distribution.

Regional players

• Acclimatise: UK-based climate risk and adaptation consultancy offering physical climate risk assessments, advisory, and data services to finance, infrastructure, and public-sector clients—comparable in vertical focus but consultancy-led rather than platform-led.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MitigaSolutions
• LinkedInlinkedin.com/company/mitigasolutions

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds12 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mitiga Solutions