Ocean Ledger Secures $900K to Enhance Coastal Risk Management Solutions
In a significant development for environmental management, Ocean Ledger, a startup specializing in geospatial analytics, has successfully secured $900,000 in a pre-seed funding round led by Ananda Impact Ventures and Silverstrand Capital. This capital will be instrumental in enhancing the company's innovative solutions aimed at forecasting coastal risks and identifying necessary interventions for clients, including engineering firms, municipalities, environmental services, and insurance companies.
The Need for Proactive Coastal Risk Management
With increasing climate change impacts, the necessity for effective coastal risk management has never been more apparent. Over the next 15 years, an estimated $4 trillion in losses could occur due to climate-induced infrastructure failures. A staggering 78% of insured catastrophe losses—totaling $18.2 billion—reported in 2024 were linked to flooding. Given that approximately 10% of the global population resides in low-lying coastal areas and $1 trillion worth of property is situated within 700 feet of the U.S. coastline, localized risk assessments have become essential. Unfortunately, traditional tools have repeatedly fallen short, lacking the precision needed to adequately evaluate coastal erosion and corresponding protective measures.
Innovative Solutions for Coastal Monitoring
Ocean Ledger is stepping into this void with its advanced geospatial analytics capabilities. By utilizing satellite imagery, machine learning, and site-level data, the startup can provide forecasts regarding localized coastal shoreline and environmental changes over time. The company has developed 13 proprietary data products that cover a wide array of needs, from natural capital accounting to coastal erosion assessments. These tools offer granular, high-resolution analytics that surpass the accuracy, scale, and usability of conventional global datasets, allowing project managers, underwriters, and coastal engineers to make more informed decisions with heightened confidence.
Leadership with Expertise
At the helm of Ocean Ledger is CEO and Co-Founder Paige Roepers, whose unique background as a marine biologist turned investment banker provides her with both scientific insight and business acumen. Joining her on the leadership team are Dr. Dimos Traganos, known for his expertise in coastal remote sensing, and Dr. Jeremiah Nieves, a data scientist specializing in spatial modeling and disaster risk assessment. Together, their diverse expertise positions Ocean Ledger as a formidable entity in the realms of sustainable coastal management and finance.
“By linking physical and environmental risks with climate-related perils, we empower proactive risk management and continuous monitoring,” stated Paige Roepers.
Industry Collaborations and Future Directions
Ocean Ledger has also established partnerships with companies such as Planet Labs PBC (NYSE PL), a leader in commercial satellite data, and is seeking collaborations with marine drone and sensor manufacturers. Additionally, the company is positioning itself as a key player in the insurance sector, working to develop innovative products like long-term catastrophe bonds.
To explore their extensive capabilities, more information can be found at
ocean-ledger.com.
About Ocean Ledger
Ocean Ledger specializes in high-resolution geospatial analytics focused on coastal risk and environmental impact assessments. Their proprietary models effectively detect variations in shoreline movement, underwater topography, and natural defenses, which are crucial for accurately forecasting and monitoring climate-driven threats to coastal environments.