Convective Capital

Convective Capital raised an $85 million fund to address a measurable crisis: climate disasters were destroying communities faster than they could rebuild. Property owners, municipalities, and insurers faced escalating losses—California's 2018 wildfire season alone caused $10 billion in damages. Small business owners and rural communities experienced this most acutely, lacking capital to implement protective infrastructure before disaster struck. The problem was observable through insurance claim data, property loss records, and migration patterns from high-risk areas. Existing alternatives were inadequate: traditional venture capital ignored the space as unsexy, government grants moved slowly, and insurance companies only compensated after losses occurred rather than preventing them. Convective validated their thesis early through fire-tech investments that showed strong unit economics. Companies installing defensible space technology and early warning systems demonstrated measurable risk reduction, attracting both insurers and property owners willing to pay premiums for protection. This success signaled a broader opportunity, prompting their expansion into comprehensive disaster resilience across multiple climate hazards.