Convective Announces $85 Million Fund II for Disaster Resilience

Convective, investing in systems that keep the world running, led by Bill Clerico, Kat Mañalac, Mike Trapanese, Jay Ribakove, and Amy Brown, has announced $85 Million Fund II for Disaster Resilience. Fund II investments so far span supply chain, manufacturing, forestry, design, and grid resilience and include companies like Drafted, Edge, The Lumber Manufactory, and Voltair, and is backed by LPs like the Arbor Day Foundation, John & Patrick Collison, Pathstone, StepStone Group, and WovenEarth Ventures, as well as two insurance companies, several foundations, and a pension fund.

The world is getting warmer, and infrastructure is aging, driving a sharp rise in volatility and disasters.

The U.S. now experiences a billion-dollar disaster roughly every 18 days, more than triple the frequency since the 1980s, with annual costs exceeding $1 trillion, comparable to national defense or federal interest spending.

Convective Capital began as a wildfire-focused investor backing startups tackling physical-world disaster risk, where utilities, insurers, governments, and asset owners are increasingly investing in new technologies despite traditional bureaucratic constraints.

The firm says it has seen strong demand across the sector and is now expanding from wildfire into broader disaster resilience, announcing an $85M second fund with larger checks across pre-seed, seed, and Series A stages, while maintaining a similar number of investments.

Convective Capital says it has expanded its team and launched initiatives like Disasterproof, a storytelling platform focused on resilience companies, while growing its Updraft practitioner network to 10,000 members and generating over $100M in revenue for its portfolio.

The firm frames disaster resilience as both a major business opportunity and a long-term mission to build a safer, more resilient future.