The world needs to become more resilient to global crises. Clim8 is building a fintech app for sustainable investing, aimed at a community who want 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 some of this to make a real difference.
The world needs to invest an average of $2.4 trillion, every year, into clean energy, to meet the United Nations targets on climate change. At the same time, more than nine out of ten Millennials (95%) said they are interested in sustainable investing according to a Morgan Stanley study.
Clim8 plans to provide a simple way to invest into a targeted portfolio of publicly listed companies that are making an impact. Sectors will 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 a seed round of £650k in 2019 from sophisticated investors with backgrounds in finance, including ex Morgan Stanley and Deutsche Bank executives. They are excited about the potential of a fintech focused on sustainable investing.
•App waiting list of over 5000 people
•App in build for launch in Q2
•Grown the team to 10 people in the office in Hammersmith, London
•Added advisers with experience in fintech and sustainable investing
•In the process of becoming an appointed representative of an FCA authorisation entity
Clim8 is now extending the seed round, raising additional funds for launch, team and marketing.