Wonder Ventures

Crop insurance has been available to farmers since the 1930s to protect the agriculture industry against the effects of adverse weather events. The impact of climate change has led to a rapid acceleration in the popularity of these products in recent years and the effects of climate change are beginning to be felt in other industries including travel. Sensible Weather is a climate data and risk analytics platform that seeks to understand and quantify how weather events can impact everyday life. The company’s first product is a “Weather Guarantee” product that protects travelers against adverse weather conditions whether for whole trips or specific parts of the vacation like excursions or events. Travelers are automatically reimbursed rapidly, without filing onerous claims, when weather impacts parts of their trip. The product is distributed through travel and related partners. Founded by a hedge fund quant, the Weather Guarantee relies on the company’s proprietary climate risk platform that offers dynamic pricing options in real-time to add incremental revenue to travel suppliers. LA TechWatch caught up with Sensible Weather Founder and CEO Nick Cavanaugh to learn more about quantifying the impacts of weather to improve consumer experiences, how his passion for skiing and background using climate data led to the genesis of this business, the company’s strategic plans, latest round of funding led by Wonder Ventures and Walkabout Ventures, and much, much more…