London climate investment app smashes crowdfunding target in 24 hours

A new sustainable investment fintech has secured over one million pounds in funding on the first day of its crowdfunding campaign.

Following its crowdfunding campaign launched this week, Clim8 Invest has exceeded its target by 168 per cent raising £1.26m by the end of day 1.

Clim8 Invest has positioned itself as an app for people looking for a simple way to invest in their future and in the future of the planet. The latest round is set to fuel its product roadmap and team and deliver product innovation and expansion.

Founded by cleantech entrepreneur Duncan Grierson in 2019, the investment platform is aimed at consumers who want to make a positive impact on climate change.

Clim8 has already secured £2m from Channel 4 Ventures as part of this funding round. This latest raise also includes a follow-on investment from 7percent Ventures.

Duncan Grierson, CEO and founder, Clim8 Invest commented: “Last year was massive for sustainable investing. I believe 2021 will be even bigger, as demand continues to grow from consumers to align their savings with their values, as well as their desire to make a personal positive impact on climate change.

“Our app brings both of these together by enabling consumers to save money whilst securing a better future for the planet. We are inviting our community to make this happen by joining us on our upcoming crowdfunding campaign to invest in our people and the business.”

This is Clim8’s third crowdfunding campaign via Crowdcube, with the previous rounds overachieving the target by 300 per cent and 500 per cent. Clim8 has raised £5m to date from over 3,000 investors and larger institutional funds.

The investment news follows a period of growth for Clim8. It recently launched its app to consumers in the UK with thousands of investors already investing between £25k and £97k, and tripling its workforce from 10 to 30 people.