Clim8 raises £10 million on Crowdcube to avert climate disaster
By Joy Dumasia
The most recent funding round takes the total raised to £10 million following the two previous rounds, including capital secured from Channel 4 Ventures, 7percent Ventures and two previous crowdfunding campaigns.
The third fundraiser coincided with the public release of the Clim8 Invest app in the app stores to allow its community of customers to join the company’s growth journey.
Clim8 raised over £1.26 million in the first 24 hours, smashing its £750,000 target on the first day of the crowdfund with significant demand from existing investors and app users.
Clim8 will use the investment to execute its ambitious growth strategy, focused on growing its user base and driving product innovation. This includes the ongoing rollout of its app, and the forthcoming launch of its new Junior ISA and Self Invested Personal Pension in the UK.
Duncan Grierson, Founder and CEO of Clim8 Invest, says: “Our customers have been asking for an opportunity to become involved in Clim8 not just as users, but also as shareholders. So we launched this campaign to give them a chance to join us as we embark on the next stage of our exciting journey to expand our offering. We’ve been amazed by the level of interest we’ve seen over the past few weeks, and I’m excited to welcome our new investors on board.”
Recently, IBS Intelligence reported that Clim8 Invest (Clim8), a digital investment platform that aims to help consumers invest in companies focused on tackling the climate crisis, has announced the launch of a Crowdcube funding campaign.
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