Clim8 has built a fintech app for sustainable investing, to empower its community to make a positive impact on climate change. Some £1.8 trillion is held in retail investments by investors in the UK and Clim8 is passionate about mobilising this to make a real difference. Backed by a VC fund and having raised £1.9m in seed funding, Clim8 has begun onboarding its waiting list of over 10,000.
Climate change is the biggest threat facing humanity according to the World Economic Forum. We need to invest $2.4 trillion, every year, into clean energy, to meet the United Nations targets on climate change to avoid “catastrophic damage”. At the same time, investor enthusiasm for sustainable investing is at an “all-time high” according to a Morgan Stanley study.
The Clim8 app is an easy way to invest into a curated portfolio of publicly listed companies that are making an impact. Sectors include clean energy, clean technology, sustainable food, smart mobility and recycling.
With 20 years experience of building cleantech companies and investing in others as a venture capitalist, Duncan Grierson, CEO, has developed the idea for a sustainability-focused digital investment platform over the last two years.
Clim8 successfully raised £1.9m in seed funding across 2 rounds (December 2019 and April 2020) from a group of investors with backgrounds in finance, a venture capital fund backed by the British Business Bank and 1350 investors via a first Crowdcube campaign which smashed its target by over 300%.
•App built and started roll-out to community
•Waiting list has grown to over 10,000 people
•Grown the team to 18 people
•Added advisers with experience in fintech and sustainable investing
•Secured FCA authorisation as an appointed representative