Earthblox11

Earth Blox secures £6m to help businesses and banks finance the transition to a nature-positive economy

Edinburgh-based scaleup backed by PXN Ventures, Scottish Enterprise and Archangels, as demand grows for tools that translate environmental risk into financial value.

Earth Blox, an Edinburgh-based technology company helping organisations understand how nature loss and climate hazards affect financial performance, has secured £6 million in new investment led by PXN Ventures with support from Scottish Enterprise, follow-on investment from Archangels and funding from the European Space Agency (ESA). The investment comes as banks and businesses face growing pressure to understand how environmental risks 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, who previously led the Nature Analytics team at PwC UK.

Earth Blox customers include global banks, consumer brands, energy companies and agribusinesses. The company 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. 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. We believe nature loss and climate change will increasingly shape economic performance and investment decisions over the coming decade. Platforms like Earth Blox will be critical in helping organisations understand these risks and opportunities and direct capital towards more resilient and nature-positive outcomes.”

Niki McKenzie, Joint Managing Director at Archangels, said:

"As one of Earth Blox's original investors, we're delighted to continue backing Genevieve and her team as they scale. 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."

Contact Information

Notes to editors

Notes to Editors

About Earth Blox

Earth Blox is an environmental intelligence company that helps organisations integrate nature and climate insights into capital allocation, risk management and long-term sustainability strategy.

Global banks, consumer brands, energy companies and agribusinesses use Earth Blox to assess nature-related impacts and dependencies at scale. The platform combines satellite, environmental and portfolio data to analyse climate and nature exposure across assets, supply chains and investment portfolios.

Founded in Edinburgh in 2019, the company brings together expertise in climate science, Earth observation and technology development.

earthbox.io

About PXN Ventures

PXN Ventures is the venture capital arm of PXN Group, formed as a result of two of the North’s best fund managers (Praetura Ventures and Par Equity) coming together to create an investor that the region deserves. With offices in Manchester, Edinburgh, Leeds and London, we deliver world-class investment programmes at scale to help build the Northern economy, supporting founders across a diverse range of sectors, including deep tech, life sciences and software.

PXN Ventures is committed to backing early-stage founders across the North of the UK, with a long and growing list of northern success stories in our portfolio that have received early backing from PXN, including Modern Milkman, Phlo, AccessPay, Street Group and Advanced Electric Machines. As well as its EIS, VCT and institutional funds, including the GMC Life Sciences Fund II, PXN Ventures is the North West fund manager for the Northern Powerhouse Investment Fund II, which is managed on behalf of the British Business Bank.

pxnventures.co.uk

 

About Archangels

Archangels is one of the UK's leading angel investment syndicates, connecting seasoned investors with Scotland's most promising early-stage technology and life science companies. Founded in 1992, Archangels provides its members with carefully-curated investment opportunities, backed by rigorous due diligence, to fuel the growth of innovative companies and help them reach their fullest potential.

With around 120 members, a twelve-strong board and executive team, and 20+ portfolio companies, Archangels brings deep expertise, proven experience and a track record to early-stage investing in Scotland.

To date, Archangels has invested almost £200m in some of Scotland’s most exciting early-stage companies, supporting the creation of 5,000 jobs, and generating £1.5bn in economic value for the Scottish economy. It has also supported 26 businesses in achieving successful exits, returning gross proceeds of well over £400m to all shareholders.

For more information on Archangels visit: https://archangelsonline.com/

 

About Scottish Enterprise
Scottish Enterprise (SE) is Scotland’s national economic development agency and a non-

departmental public body of the Scottish Government.  It supports businesses to innovate and scale to transform the Scottish economy by focusing on new market opportunities through targeted investment, innovation and internationalisation. 

 

Follow us on LinkedIn at https://www.linkedin.com/company/scottish-enterprise/

 

 

Media contact

Daniel McCarthy

Account Manager, Words+Pixels

daniel@wordsandpixels.co

+44 (0)7872 325 176