Mitiga Solutions
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.
- Company typePrivate
- Founded2019
- HeadquartersBarcelona, Spain
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
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.
Mitiga Solutions firmographics
Firmographics- 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
Mitiga Solutions industry classification
Industry- 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
Where Mitiga Solutions is headquartered
LocationHeadquarters
- HQ city
- Barcelona
- HQ country
- Spain
- HQ region
- Europe
Offices3 records
Markets served
Mitiga Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- 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.
- API Access: API access sold as part of paid enterprise plans, enabling integration of climate risk data into client workflows and systems.
- 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
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | EarthScan Pro Free Trial - Limited asset assessments with core hazard coverage and visualizations |
| Subscription | Annual | Enterprise Plans - Full platform access with portfolio management, advanced analytics, team tools, and API |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels10 records
Mitiga Solutions product offering
Product offeringCore 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
Companies that use Mitiga Solutions
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Mitiga Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability4 records
Feature8 records
Mitiga Solutions partnerships and signals
Strategic signalPartnerships
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 partnershipPartnership 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 partnershipExtended 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 partnerMicrosoft 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 partnerAmazon Web Services partnership providing cloud infrastructure through AWS Marketplace. Enables customers to access EarthScan using existing AWS infrastructure commitments.
- Barcelona Supercomputing Center (BSC)core partnershipFounding 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 partnershipInternational 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 partnerGlobal sustainability company and consulting partner integrating EarthScan into client engagements. Specializes in market-based solutions for low-carbon transition.
- Accentureconsulting partnerGlobal professional services firm and consulting partner using EarthScan to integrate climate risk insights into client engagements across industries.
- Telefónica Techconsulting partnerTelefónica'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 partnerGlobal safety and sustainability consultancy serving high-risk industries. Uses EarthScan to help clients increase safety standards, reduce risk, and improve sustainability.
- Envantageconsulting partnerUK-based energy and sustainability consultancy specializing in low carbon solutions, regulatory compliance, and energy procurement. Uses EarthScan for climate risk assessments.
- Sustain 2050consulting partnerAustralian 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 partnershipSpain'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 partnershipSpanish sustainability business association that Mitiga joined in April 2024 to collaborate on ESG and sustainability standards in Spain.
- Norrsken Barcelonaecosystem 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 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
Mitiga Solutions competitors and assessment
Company assessmentDirect 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
Mitiga Solutions social profiles
Digital presenceMitiga Solutions compliance and trust
Trust signalCompliance2 records
Mitiga Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mitiga Solutions leadership team
Management profileNumber of profiles
Profiles3 records
Mitiga Solutions funding detail
Funding detailFunding overview
Funding rounds12 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mitiga Solutions M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mitiga Solutions
What does Mitiga Solutions do?
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.
Is Mitiga Solutions a public or private company?
Mitiga Solutions is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mitiga Solutions founded?
Mitiga Solutions was founded in 2019. It employs 51 to 100 people.
Where is Mitiga Solutions based?
Mitiga Solutions is headquartered in Barcelona, Spain, in the Europe region.
How does Mitiga Solutions make money?
Three revenue lines are on record. EarthScan SaaS Platform Subscription is the primary driver. The others are API Access and professional Services & Expert Support.
Who are Mitiga Solutions's main competitors?
Direct peers on record are Jupiter Intelligence, Climate X and Risilience. The Climate Service (now part of Mastercard) is listed as an emerging player. Broad incumbents are Moody's (Four Twenty Seven), MSCI, S&P Global (Trucost), Verisk Maplecroft and Bloomberg (BESG / Climate Data). Acclimatise is listed as a regional player.
Does Mitiga Solutions have an API?
Yes. The Mitiga Solutions API Suite enables seamless integration of validated climate data, risk ratings, CvAR metrics, and return periods into enterprise systems such as ERM, ESG, or financial platforms. API access is available only for paid enterprise plans. Developer documentation is at app.earthscan.earth/preview.
What industry is Mitiga Solutions in?
Mitiga Solutions's product category is Climate Risk Intelligence Software. Its primary akta.pro industry code is EUABALAG, Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC), with a secondary code of EUABALAA, Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise). Its NAICS code is 54162 and its SIC code is 8731.