Overfunding: Digital Investment Platform Clim8 Secures £1.6M+ from 885 Investors via Crowdcube

Clim8, a digital investment platform that’s focused on a firm having a “positive impact” on climate change, has raised £1,630,460 from 885 investors via Crowdcube, at the time of writing. There are now 21 days remaining for this offer with the platform already surpassing its £750,000 target.

Clim8 is reportedly backed by £5 million of venture capital and also by 3,000 retail investors. The company has managed to acquire “up to £2 million in airtime” for equity from Channel 4 Ventures. Clim8 has launched in the App Store “to target part of the £1.6 trillion held by retail investors.”

Instead of making investments and immediately acquiring shares, in this particular round payments will be sent directly to the firm and shares “issued at a future date,” the announcement noted while adding that a convertible lets a firm secure funds without having to commit to a set valuation.

The firm’s management says they established Clim8 so “anyone can invest in companies that are making a positive impact on climate change.” They think that there’s a lot of “greenwashing” happening. In contrast, they’ve got an in-house investment team that “focuses on renewable energy, clean technology, sustainable food, electric mobility, clean water, & the circular economy.”

As mentioned by Clim8’s management, an estimated $2.4 trillion “needs to be invested, every year, into clean energy.” This is required in order to meet the United Nation targets on climate change to avoid “catastrophic damage.” The market opportunity in the United Kingdom alone “is vast, with some £1.6 trillion held in retail investments.”

As noted in by the company:

“We launched the Clim8 Invest app on IOS & Android in private beta in October 2020 and then in the App Store in March 2021. Our users have invested from £25 all the way up to £97k. We charge a fee as a % of assets under management.”

They added:

“We have already raised £5M+ of venture capital plus a recent £2M in airtime from Channel 4 Ventures. Our investors include a venture capital fund backed by the British Business Bank & Atomico, the Future Fund, plus 3,000 investors from two successful Crowdcube campaigns (overfunded by 300% & 500%).”

Crowdcube investors now have the chance to invest along with Channel 4 and may also join the Clim8 journey. Clim8 says that it’s raising further funding “to accelerate user acquisition & launch new product offerings including pensions.”

Some of the key stats shared by the team are as follows:

  • Experienced team from Credit Suisse, Expedia, LendInvest, Monese
  • Tripled size of the team from 10 to 30 people in last year
  • £5m in venture capital raised to date
  • 4.8-star rating in the App Store, from c.100 reviews

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