Clim8’s platform, due to launch this summer, is the first mobile investment app focused only on truly green businesses. It will provide a simple way to invest into a targeted portfolio of companies that are making a positive impact on climate change. Sector focuses are clean energy, clean technology, sustainable food, electric mobility and recycling. Clim8 has over 5,000 people on the pre-launch waiting list. 

The company has now raised almost £2m in funding, before launch of the app, proof of the growing global trend for investment into sustainable and ethical businesses, while also showing confidence in returns. It follows a renewed focus of global institutions on climate change, even during the COVID-19 crisis. The head of the United Nations has recently demanded more focus on climate change, emphasising that the economic recovery is 'a real opportunity to do things right for the future' and that climate change is close to a 'point of no return'.

The strength of sustainability investing in the financial markets reflects this, as HSBC showed that companies with a sustainability focus have outperformed other stocks in Q1 2020. A report by Morgan Stanley revealed that 88% of investors believe that it is possible to balance financial gains with a focus on social and environmental impact.

An investment by venture capitalist fund 7percent Ventures has boosted Clim8’s funding round. 7percent Ventures is an early-stage venture fund whose previous investments include virtual reality company Oculus acquired by Facebook for $2bn. Investors also include board directors of leading unicorn fintechs such as Marcus Exall (Monese) and Marcus Mosen (N26). 

Duncan Grierson, Founder & Chief Executive, commented: ​“The mission of Clim8 is to provide an easy to use digital platform so that  anyone can invest into companies that are making an impact on climate change. We are very excited to have exceeded our funding targets, confirming strongly that investors believe that sustainability investing is a growth sector.” 

Andrew J Scott, Founding Partner at 7percent Ventures, which has invested in Clim8, said: "Our fund only invests into startups that have the potential to be billion dollar companies. Clim8 have developed a fantastic idea that can have an impact on the global challenge of climate change and build a valuable platform. We are very excited to be a part of the Clim8 journey."

Luke Lang, Co-founder and CMO of Crowdcube, added: "Clim8's mission to make investing into clean energy and sustainable companies easier has already inspired over 1,000 investors, making it one of the most popular raises on Crowdcube this year. We've seen investment into clean tech businesses like Clim8 remain strong with several companies funding since the COVID-19 outbreak started. People want to back businesses they believe in and particularly ones aiming to have a positive impact on climate change."   

Mike Barry, the former Director of Sustainable Business at Marks & Spencer and a Clim8 adviser, noted: "We cannot wish away the climate crisis; it's happening now. We need to change many aspects of our lives and our economy to effectively respond to it. This creates enormous opportunities for new low carbon businesses. Clim8’s successful fundraise shows the appetite for citizens to be active participants in creating this new future"

The ​Crowdcube page​ is live and available here. Investors in Clim8 are also invited to join the waitlist and be among the first to download the app and access the platform.