Vienna, 10 February 2026 — refinq develops software that enables companies to identify, assess and actively manage physical risks arising from climate and natural changes at an early stage. To further expand this prevention-oriented risk intelligence platform, refinq has completed a seed financing round of €2,2m, consisting of €1,9m in equity and € 300,000 in FFG funding. The round is led by aws Gründungsfonds (lead) and Symbia VC (co-lead). Fund F and business angel Olivier Schwab are also participating.
Closing the gap in risk modelling
While conventional risk models usually map physical risks using aggregated probabilities and scenarios, one key question remains unanswered: Why is a specific asset vulnerable at this particular location – and what does that mean in operational and financial terms?
refinq closes this gap by linking high-resolution geodata with proprietary information on the structural vulnerability of locations. This transforms environmental factors into concrete, quantifiable, prioritizable and controllable risks that can be directly incorporated into corporate decision-making processes.
With this approach, refinq is already generating significant revenue with well-known customers such as Wiener Stadtwerke, thyssenkrupp and Mayr-Melnhof. Particularly in the case of critical infrastructure, industrial production sites and capital-intensive assets, the platform provides a basis for decision-making that goes beyond traditional risk models.
This not only gives companies a better understanding of their risks, but also allows them to prioritise investments, protective measures and insurance strategies in a targeted manner in order to reduce default risks and future damage. This approach is not limited to individual assets: Several refinq customers also use the platform to analyse their entire value chain, monitoring thousands of locations simultaneously in order to systematically manage risks and build resilience across their supply and production networks.
Prevention instead of just damage control
refinq's approach deliberately focuses on the period before damage occurs. Instead of limiting itself to aggregated loss expectations, the platform analyses hydrology, land use and the condition of ecosystems at asset level in order to reveal the structural vulnerability of locations.
On this basis, refinq identifies targeted adaptation and protection measures that companies can use to actively reduce risks. The "nature" dimension thus becomes an operational control factor – and a lever for making locations more resilient, efficient and usable in the long term.
“Climate resilience is increasingly becoming an essential part of modern risk management for companies. refinq offers precisely the operational depth that companies need to strategically manage natural and climate risks. Through its successful collaboration with its first major clients, the team has demonstrated its ability to master complex technological and regulatory challenges, and we look forward to supporting it in its next steps towards scaling up.” Markus Jandrinitsch – aws Gründungsfonds
“refinq addresses a clear market need with a scalable solution and a strong team that consistently drives implementation forward. We see great potential for further scaling the business model and look forward to accompanying the company on its continued growth path as a partner.” Alex Burger – Symbia VC
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About refinq
refinq develops risk and resilience software for physical climate and natural hazards. By linking geodata with vulnerability analyses, refinq makes risks quantifiable and manageable at asset level and helps companies strengthen their locations, value chains and thus the economic viability of their business model against physical risks.
About aws Gründungsfonds
The aws Start-up Fund is an Austrian venture capital investor with a fund volume of around EUR 140 million. As an investor, the aws Start-up Fund supports start-ups from the initial growth phase through subsequent financing rounds (Series A/B) to exit. The aws Start-up Fund sees itself as a long-term, stable partner with a hands-on approach, actively supporting the founding teams as a sparring partner. Since 2013, more than €600 million has been invested in over 45 start-ups in collaboration with national and international co-investors, and numerous exits have been realised.
About SymbiaVC
SymbiaVC GmbH is an Austrian venture capital investor based in Tyrol, specialising in early-stage investments with a focus on the DACH region and the Nordics. In addition to capital, SymbiaVC acts as a long-term sparring partner for founding teams and supports portfolio companies with strong industrial expertise, networking and strategic know-how in scaling their business models.
About Fund F
Fund F is an early-stage VC fund that supports the most promising women-led startups across Europe. We invest tickets of up to €600,000 in pre-seed and seed companies with at least one female co-founder. The portfolio currently includes 23 companies, including be-Sirius, Senvo, KOA, Scholé, and Uplift360. Fund F emerged from Female Founders – the leading European community for female entrepreneurs with over 85,000 members across the continent.