Sensible Weather – a climate finance platform to empower people to get out and experience the world around them confidently – recently announced that it has closed a strategic investment from Amex Ventures along with Sensible’s seed and series A lead investors, Wonder Ventures and Infinity Ventures, and new investor Industry Ventures.
This funding will help Sensible Weather deliver seamless products and services that help mitigate the impacts of disruptive weather on travel, events, and outdoor experiences. Sensible Weather offers a finance platform that combines weather, financial, and risk management technologies.
Sensible’s first product (a Weather Guarantee) gives consumers confidence and protection by issuing proactive reimbursements when their experiences may be affected by undesirable weather. And this embedded financial product – currently sold through thousands of partner websites to Americans and Europeans traveling globally – helps businesses mitigate the impact of disruptive weather by avoiding weather-related cancellations and lost revenue.
In comparison to the traditional travel protection model, Sensible automatically reimburses consumers who purchase a Weather Guarantee if a pre-set threshold of forecasted weather is met. Before disruptive weather occurs, the company proactively notifies consumers that a reimbursement is available and the consumer can still take part in their planned travel or activity.
KEY QUOTES:
“The success of the Weather Guarantee, with over 50,000 sold and attach rates up to 5x higher than travel insurance offerings, is a reflection of the growing need for travel, outdoor and event consumers to better protect themselves against disruptive weather. The investment from Amex builds on our momentum and enables us to help more consumers enjoy their experiences, no matter the weather.”
— Nick Cavanaugh, PhD, Sensible Weather CEO and Founder
“We are proud to support Sensible Weather in its efforts to provide novel solutions for consumers who love travel and outdoor experiences but face increasing challenges from unpredictable weather. Sensible Weather offers consumers peace of mind when booking weather-dependent experiences, thanks to their vision, innovative strategy, and compelling product.”
— Matt Sueoka, Global Head, Amex Ventures
