Clim8, an App-based startup for sustainable investing, is set to close its latest equity crowdfunding round on Crowdcube with more than £1.65 million raised from nearly 1400 Crowdcube investors. The campaign launched last month originally seeking £400,000.
As previously reported, 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. The company further explained:
“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.”
Clim8’s app is also claimed to be an “easy way” to invest in 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 has raised £1.9 million 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 through its first Crowdcube campaign. The company is now offering 8.47% in equity at a £9,570,072 pre-money valuation. The campaign is set to close next week.
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