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Illustration: Annelise Capossela/Axios

Jupiter Intelligence, an extreme weather and climate risk management firm, announced Tuesday it is picking up a major new Japanese investor, venture capital fund MPower Partners, to jump-start an Asian expansion.

The big picture: The total investment is not yet disclosed, but Jupiter’s co-founder and CEO, Rich Sorkin, told Axios it is "substantially more" than the total investments used to build up Jupiter so far, which puts it above $40 million.

Details: The venture investor is Japan’s first ESG-focused global VC firm, and according to Jupiter's press release, the first female-led VC firm in Japan. Along with Clearvision Ventures, MPower is leading a new funding round in Jupiter that will be announced in the coming weeks, the company stated.

  • Jupiter, which has already been doing business in Japan, will be opening a regional office there.

Context: Jupiter is also seeking to deepen its work with MS&AD Insurance Group, which is both a Jupiter customer and investor, and Sumitomo Mitsui Banking Corp., one of Japan’s largest banks.

Between the lines: Jupiter's competitors in the risk analysis and resilience space include Demex, Cervest, Tomorrow.io and The Climate Service. Moody’s has also been moving into this space.

Go deeper

Pelosi's back-to-school math problem

Illustration: Sarah Grillo/Axios

House Speaker Nancy Pelosi (D-Calif.) may need votes from an unlikely source — the Republican Party — if she hopes to pass the bipartisan infrastructure bill by next Monday, as she's promised Democratic centrists.

Why it matters: With at least 20 progressives threatening to vote against the $1.2 trillion bipartisan bill, centrist members are banking on more than 10 Republicans to approve the bill.

By the numbers: Haitian emigration

Expand chart
Data: CBP; Chart: Sara Wise/Axios

The number of Haitians crossing the U.S.-Mexico border had been rising even before their country's president was assassinated in July and the island was struck by an earthquake a month later.

Why it matters: A spike during the past few weeks — leaving thousands waiting in a makeshift camp under a bridge in Del Rio, Texas — has prompted a crackdown and deportations by the Biden administration.

Biden's communication headaches

President Biden stands with British Prime Minister Boris Johnson and French President Emmanuel Macron at the G7 summit in June. Photo: Patrick Semansky/Pool/AFP via Getty Images

Boris Johnson told reporters on his way to the U.N. General Assembly on Sunday night he didn't believe it was likely that the U.S. would agree to lift its ban on vaccinated foreign travelers this week. Hours later, the White House did exactly that.

Why it matters: For the second time in less than a week, a major U.S. foreign policy decision by the Biden administration appears to have caught one of its closest allies by surprise. And neither was the first time, either.