Technosylva Gains Investment Boost from General Atlantic's BeyondNetZero Fund
Deal News | Nov 21, 2024 | General Atlantic
Technosylva, a leader in catastrophic event simulation and risk management software, has received a strategic growth investment from General Atlantic's BeyondNetZero climate growth fund. Together with existing investor TA Associates, they aim to enhance Technosylva's capabilities in managing extreme weather risks using advanced AI-driven solutions. Technosylva has significantly expanded since TA's initial investment in 2022 by acquiring companies like Atmospheric Data Solutions, Heartland Software Solutions, and KatRisk. The company serves a broad clientele, including electric utilities and government agencies, helping to manage over 20,000 incidents annually with nearly a billion simulations daily. This partnership underscores the increasing importance of climate resiliency solutions against the backdrop of a warming climate.
Sectors
- Catastrophic Event Risk Management
- Private Equity
- Technology and Software
- Climate and Environmental Solutions
Geography
- United States – Technosylva is headquartered in La Jolla, CA, and received investment from American-based firms General Atlantic and TA Associates.
- Spain – Technosylva operates in León, Spain, reflecting the company's global presence and operations.
- Canada – Technosylva expanded through acquisitions like Heartland Software Solutions, illustrating its reach into the Canadian market.
Industry
- Catastrophic Event Risk Management – Technosylva specializes in simulation modeling and risk management for catastrophic events, providing solutions to predict and mitigate natural disasters.
- Private Equity – The investment from General Atlantic and TA Associates into Technosylva signifies a private equity growth transaction focused on expanding a company's capabilities and market position.
- Technology and Software – Technosylva's platform leverages cutting-edge AI and machine learning to provide real-time predictive insights, expanding its tech footprint in environmental risk analysis.
- Climate and Environmental Solutions – General Atlantic's BeyondNetZero invests in solutions aiming at net-zero emissions targets, highlighting the environmental impact angle of Technosylva's software.
Financials
- Not Disclosed – Financial terms of the strategic growth investment were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Technosylva | Target Company | Company | A provider of catastrophic event risk management and simulation modeling software. |
| General Atlantic | Investor | Company | A global growth private equity firm investing through its BeyondNetZero climate fund. |
| TA Associates | Investor | Company | A private equity firm that initially invested in Technosylva in 2022. |
| Lazard | Financial Advisor | Company | Served as financial advisor to TA and Technosylva during the transaction. |
| Goodwin Procter LLP | Legal Advisor | Company | Provided legal counsel to TA and Technosylva. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Served as legal advisor to General Atlantic. |