Public Crowdfund Follows £2 Million Investment from Channel 4 Ventures
Clim8 Invest (Clim8) launched its crowdfunding campaign on Crowdcube on Tuesday and has already smashed its target by 168%, raising £1.26 million by the end of Day 1. The latest round is set to fuel its product roadmap and team.
This is Clim8’s third crowdfunding campaign via Crowdcube, with the previous rounds overachieving the target by 300% and 500%. Clim8 has raised £5 million to date from over 3,000 investors and larger institutional funds.
Founded by cleantech entrepreneur Duncan Grierson, the investment platform is aimed at consumers who want to make a positive impact on climate change. Clim8 has already secured £2 million from Channel 4 Ventures as part of this funding round. This latest raise also includes a follow-on investment from 7percent Ventures.
The new investment will be used to deliver product innovation and expansion. Clim8’s 2021 roadmap includes the rollout of its new JISA, SIPP (self-invested personal pension) and marketing.
2021 has already been a stellar year for Clim8. It recently launched its app to consumers in the UK with thousands of investors already investing between £25 and £97,000, and tripling its workforce from 10 to 30 people.
Duncan Grierson, CEO and Founder, Clim8 Invest comments: “Last year was massive for sustainable investing. I believe 2021 will be even bigger, as demand continues to grow from consumers to align their savings with their values, as well as their desire to make a personal positive impact on climate change. Our app brings both of these together by enabling consumers to save money whilst securing a better future for the planet. We are inviting our community to make this happen by joining us on our upcoming crowdfunding campaign to invest in our people and the business.”
The Crowdcube campaign is open to investors at crowdcube.com/clim8.
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About Clim8 Invest
Launched in March 2021 on iOS and Android, Clim8 Invest (Clim8) is an easy-to-use app for people looking for a simple way to invest in their future and in the future of the planet. Investment products for retail clients, such as ISA and General Investment Account, are invested in publicly listed companies and funds focused on tackling the climate crisis and bringing about tangible change. Core themes are clean energy, clean technology, smart mobility, clean water, the circular economy, and sustainable food.
Since the launch, thousands of users have begun their investment journeys with Clim8, investing between £25 (an entry-level investment) all the way up to £97,000. Clim8 was founded in 2019 and has a team of 30 professionals with backgrounds in sustainable investing and technology.