Fintech Clim8 Quickly Tops Crowdfunding Goal on Crowdcube

Clim8, an App-based startup for sustainable investing, has quickly topped its £400,000 crowdfunding goal on Crowdcube.

As it stands today, Clim8 has raised £474,479 from 249 investors. The company is issuing equity at a pre-money valuation of £3.384 million or a per-share price of £24.97.

Clim8 raised a seed round of £650,000 last year backed by some sophisticated investors with backgrounds in finance, including big bank executives.

Current named investors include Board Directors of leading Fintechs, like Marcus Exall (Monese) and Marcus Mosen (N26).

According to the company, Clim8 is looking to capitalize on the heightened awareness of impact investing. More specifically, Clim8 seeks to enable investors to focus their savings on supporting firms that positively impact climate change.

To quote the platform:

“According to the United Nations, the world needs to invest $2.4 trillion dollars, every year, into clean energy, from now until 2035, to meet the climate change targets. At Clim8, our mission is to move billions of pounds of investments into clean energy and truly green, sustainable companies.”

Clim9 states that about £1.8 trillion is held in retail investments by investors in the UK and they would like to mobilize some of this money to make a difference.

The actual App is still in development but is in the queue to launch during the second quarter. The App claims a waiting list of over 5,000 individuals.

In a release, Clim8 founder and CEO Duncan Grierson said that while the world grapples with the COVID-19 pandemic, we must not lose our focus on the longer-term climate crisis which will be a much bigger problem.

“There is a pressing need for a platform like Clim8 Invest right now. Many people want to help by investing their savings into positive climate solutions; this is what the app is all about. From an investment point of view, this is a great opportunity for investors looking to make an impact.”

Grierson is also a Venture Partner at 7percent Ventures – a VC that has backed recognizable names like Oculus or SourceDNA.

Luke Lang, co-founder and CMO of Crowdcube, said they are honoured to partner with Clim8 Invest. He called the venture a brilliant idea to “fulfill the rising tide of people’s desire to invest in companies with a big mission.”

“We at Crowdcube believe it’s this blend of engagement and purpose which will drive the shape of businesses in the future, and as a result combat the world’s climate crisis. We look forward to supporting them in their drive for true mission-led growth.”

Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote



Send this to a friend