Real Assets
We build future energy systems and resilient infrastructure, backing emerging opportunities in technology, land and water.
Technology
Industry
£3.7m
Aggregate investment by Foresight funds
August 2021
Initial investment date
Venture Capital
Investment type
Company background
Previsico is a market-leading flood forecasting and warning software company that was spun out of Loughborough University in 2019. It provides highly accurate, real-time surface water flood warnings through its Flood Intel platform. The system helps insurers and asset owners take early action to reduce flood damage, offering property level forecasts up to 48 hours in advance for surface water flooding, filling the gap in government warnings that only cover main river and coastal flood risk.
Investment
In August 2021, Foresight Technology VCT invested £0.6 million into Previsico alongside Foresight Technology EIS and Foresight MEIF. This was followed by a £0.1 million follow-on investment by the three funds in July 2023 alongside 24 Haymarket.
In December 2024, Previsico closed a further £0.8 million funding round led by new investor Burnt Island Ventures, a venture capital firm specialising in water innovation, with participation from Foresight Technology EIS, Foresight MEIF and the company’s existing angel investor network.
Foresight has supported the business throughout its growth journey, helping to refine its commercial and fundraising strategies, leading to a subsequent growth funding round and increased valuation. Previsico now employs 46 full-time staff, following the appointment of an experienced Hydrometeorologist, and continues to expand internationally, driven by strong customer demand.
Strategy
Previsico continues to focus on overall growth, with a strong emphasis on recurring revenue contracts and expanding its footprint in the US market. The company is currently working with authorities in New York and New Jersey to carry out a bespoke retrospective analysis of recent flash flooding events.
The company’s client base continues to grow and includes Liberty, Zurich, FM Global, Burger King, National Grid, Network Rail and Zurich Municipal, with customers receiving live, actionable surface water flood warnings to protect assets and minimise damage.
Previsico also hosted an event at Lloyd’s of London, “The Next Big Wave: Tackling Flood Risks in an Age of Climate Change”, to launch its 2025 State of Flood Resilience report, which highlighted a clear disconnect between awareness of flood risks and actual preparedness across UK businesses.
