Cooler Future picks up €1.4m to build out climate change-awareness investment app

Green-focused investment app developer Cooler Future has picked up €1.4m of funding from venture capital house Lifeline Ventures and a string of angel investors.

Nordic Makers, Gary Lin from Purple Orange Ventures and Global Fashion Group CEO Patrick Schmidt have committed capital through the funding round, which aims to let users track the carbon dioxide-equivalent impact of their investments in its green fund.

Finance Forward reported that the app is set to go live in the first quarter of 2021, with investments of less than €50 available for users.

Company founder Matti Rönkkö said, “Redirecting investor attention to companies that actively reduce carbon emissions is a conversation changer for climate change, however there is no widespread public awareness about that yet.

“Our mission is to introduce and standardize the climate impact metric in the investment industry as the third metric next to traditional risk and return.

“We want to challenge the status quo by showing people the real power their investments can have in fighting climate change.”

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