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Synopsis
Galvanize Climate Solutions, a provider of the capital, and partnerships necessary to produce and scale vital and urgent climate solutions, and Congruent Ventures, an early-stage venture fund focused on climate tech and sustainable technologies, led $21m Series A funding round in First Street, a software tools that provide detailed insights into the physical climate risks, with participation from Nuveen, General Catalyst Group, and Schneider Electric Ventures. We've proven that there's lots of interest from the top financial institutions, the federal government, everyone needs to manage this risk. How do we get this data in the hands of many people in a way that they can understand it? And that's what we're really good at. And so that's the underlying thesis that's driving it," Matthew Eby, First Street Founder and CEO.
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