Climate crisis investment platform smashes Crowdcube target with £1.5m funding

A digital investment platform aiming to help customers invest in companies focused on tackling the climate crisis has secured over £1.5m in funding.

Clim8 Invest has exceeded its latest Crowdcube campaign, which was initially set at £400k, by more than quadruple the original target.

The Clim8 app, which is live in beta and began rollout to its 10,000-strong waitlist earlier this year, claims to be the world’s first “pureplay” investment platform, focused exclusively on sustainable businesses that offer green products and services.

As a result of the new campaign’s success, the London-based firm has extended the campaign by a further seven days in order to encourage further investment.

The news follows earlier fundraises for the firm, securing £1.9m in seed funding across two rounds in December 2019 and April 2020.

Existing Investors in the company include a venture capital fund backed by the British Business Bank.

Commenting on the fundraise, the firm said: “The success of the company’s Crowdcube campaign is further proof of the momentum in sustainable investing.”

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