Clim8 Invest, UK-based sustainable investing app, closed its latest crowdfunding campaign on Crowdcube, hitting £2.85m from over 1,800 investors.
The most recent funding round takes the total raised to £10m 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 £1.26m in the first 24 hours, exceeding its £750,000 target on the first day of the crowdfund with significant demand from existing investors and app users.
The digital investment platform, which aims to help consumers invest in companies focused on tackling the climate crisis, 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.
Clim8 founder Duncan Grierson said, “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.”
Jonathan Keeling, VP Commercial at Crowdcube, added: “Crowdfunding is a barometer of investor sentiment, and it is always interesting to see which high-growth businesses resonate with our community.
“Clim8’s vision for a more sustainable future through tangible climate impact has inspired thousands of new investors from over 50 countries to join their journey.”
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