back Back

Clim8 raises £10 million on Crowdcube to avert climate disaster

By Joy Dumasia

July 23, 2021

Share

Clim8 Invest (Clim8), the UK’s leading sustainable investing app, has closed its latest crowdfunding campaign on Crowdcube, hitting £2.85 million from over 1,800 investors.

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.

Previous Article

July 23, 2021

Visa signs agreement to acquire UK’s Currencycloud

Read More
Next Article

July 23, 2021

Pay.UK appoints David Pitt as new Chief Executive Officer

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 14, 2024

Avaloq & Comyno team up to launch securities financing solution

Read More

June 14, 2024

Bendigo & Adelaide Bank tap MongoDB to modernize core banking technology with Gen AI

Read More

June 12, 2024

SaaScada renews partnership with NEXA for financial reporting

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023