Previsico

Previsico

Verified
SpinOut company from Loughborough University specialising in modelling flooding in real-time, using the latest weather predictions to make street-level flood nowcasts and forecasts. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues1.4m2.9m3.6m
% growth-115 %24 %
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DateInvestorsAmountRound
-

N/A

-

£700k

Debt

£1.8m

Seed

N/A

Grant

£340k

Grant
*

$1.8m

Early VC
Total Funding$4.5m

Recent News about Previsico

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More about Previsicoinfo icon
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Previsico is a startup that operates in the risk management and insurance sector, providing a unique solution to flood prediction and prevention. The company's innovative modelling technology is designed to predict floods that are often overlooked by traditional methods, thereby helping to mitigate the widespread damage caused by such disasters.

Previsico's primary clients are insurers, businesses, and governments who are looking to take proactive measures against flood damage. The company's technology provides these clients with actionable warnings, data, and analytics that can be used to prevent or minimize the impact of floods. This service is particularly valuable for insurers, as it can help to improve their loss ratios by considering the 'preventability' of flood losses.

The company's business model is based on providing a subscription-based service. Clients pay a regular fee to access Previsico's flood predictions and related data. This information can then be used to take preventative measures against potential flood damage, thereby saving the client money in the long run.

Previsico's market is global, as flooding is a universal problem that affects many parts of the world. The company's participation in the Lloyd’s Lab, a prestigious insurance market innovation program, has further enhanced its credibility and market reach.

In summary, Previsico is a forward-thinking startup that uses cutting-edge technology to predict and prevent flood damage. Its services are of significant value to insurers, businesses, and governments, and its subscription-based business model provides a steady stream of revenue.

Keywords: Flood Prediction, Risk Management, Insurance, Data Analytics, Proactive Measures, Subscription-Based Service, Global Market, Lloyd’s Lab, Cutting-Edge Technology, Preventative Measures.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.