Earth Blox funding tackles climate risks to business – Daily Business

Flooding is among the risks to business (pic: Earth Blox)

Earth Blox, an Edinburgh-based environmental risk company, has secured new funding to help businesses understand how they are impacted by loss of nature and climate change.

PXN Ventures, which grew out of Par Equity, has led a £6m funding round with support from Scottish Enterprise, Archangels and the European Space Agency (ESA).

The investment comes as banks and businesses are responding to environmental risks – such as deforestation and flooding – that could affect assets, supply chains and long-term investment decisions.

The funding will be used to grow the Earth Blox team, accelerate product development, and expand the platform’s capabilities by combining satellite, environmental, and portfolio data with AI-powered analysis.

The news coincides with the appointment of Ben Matthews as director of nature and climate. He previously led the Nature Analytics team at PwC UK.

Earth Blox’s customers include global banks, consumer brands, energy companies and agribusinesses.

It recently collaborated with Lloyds Banking Group to conduct the UK’s largest nature risk assessment in agriculture, analysing 5.1 million hectares of farmland and identifying more than 1.2 million hectares with potential for resilience-building measures.

The Earth Blox platform addresses growing demand for tools that help organisations understand nature-related risks and their financial impact.

The UK government’s Nature Security Assessment, published in January 2026, identified ecosystem degradation as a national security risk. Globally, research from S&P Global indicates that 85% of the world’s largest companies depend significantly on nature, putting $28.9 trillion in revenues at risk.

Dr Genevieve Patenaude, CEO and founder of Earth Blox, said: “Businesses are increasingly aware that nature loss and climate risks have direct implications for financial performance, supply chains and long-term resilience.

Genevieve Patenaude, front left, with investment team

“The challenge is turning complex environmental data into information that can support real business decisions.

“Earth Blox was built to bridge that gap, helping organisations see clearly where environmental change affects value and where investment today can strengthen future performance.”

Tom Croy, investment director at PXN Ventures, said: “Earth Blox’s ability to turn vast amounts of complex environmental data into clear and actionable insight for businesses and financial institutions is what attracted us to the company.”

Archangels is one of the original investors in Earth Blox and Niki McKenzie, joint managing director, said: “What’s particularly exciting is how the business has evolved, from a strong earth observation proposition to a platform that’s now directly addressing some of the most pressing financial risks facing global banks and businesses.

“With nearly $29 trillion in revenues exposed to nature-related risks, the tools Earth Blox has built are increasingly essential to how organisations understand and protect long-term value.”

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