Mitiga Solutions
Start of assignment: February-March 2024
Type of assignment: Due Diligence
Activity: Climate Risk Intelligence
Initial sales: €1.6M
Number of employees: +20
Mission summary
Mitiga Solutions is a Spanish company specializing in climate risk intelligence, combining science, artificial intelligence and high-performance computing. Through its EarthScan™ platform, Mitiga helps customers analyze, report and act on their exposure to climate risks.
Backed by major investors such as Kibo Ventures, Microsoft Climate Innovation Fund, Nationwide Ventures, CREAS Impacto and Faber, Mitiga plays a key role in business resilience to the challenges of climate change.
In 2024, French investment fund Elaia Partners plans to invest in Mitiga Solutions S.L. and has commissioned Iter Advisors to carry out a financial due diligence of the company to assess its financial strength and accounting and contractual compliance.
Objectives and actions
- Review of financial statements and accounting: in-depth analysis of accounts and key performance indicators to assess Mitiga's financial health.
- Examination of contractual elements: Verification of the company's commitments, including agreements with investors and strategic partners.
- Financial risk analysis: Identification of potential risks related to operations, revenue structure and growth projections.
Team and commitment
A due diligence and investment finance expert from Iter Advisors was mobilized for this mission, working closely with the Elaia and Mitiga teams to ensure a complete and accurate analysis within a short timeframe.
Results
- In-depth assessment of financial aspects: Identification of areas of concern and opportunities for strengthening accounting processes.
- Detailed report for Elaia Partners: transmission of a complete analysis enabling the investment fund to refine its decision-making.
- Validation of the main risks and growth drivers: Highlighting Mitiga's financial and strategic strengths to ensure a controlled investment.
Conclusion
Thanks to the support of Iter Advisors, Elaia Partners was able to obtain a clear and structured view of Mitiga Solutions' financial situation, thus facilitating its decision making for a potential investment. Our expertise in financial due diligence ensured transparency and reliability in the valuation of this fast-growing company.
