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Clim8, London-based sustainable investment app grabs up to £2M funding

Image credits: Clim8

London-based sustainable investment platform Clim8 Invest is an app for those looking for a simple way to invest in the future of both themselves and the planet. Now, this investment platform that also lets customers make a positive impact on climate change has secured up to £2 million funding.

Investment from Channel 4 Ventures

The investment has been pumped by Channel 4 Ventures, the UK’s largest ‘media for equity’ fund. The partnership will enable Clim8 to increase brand awareness as it eyes to achieve its mission to empower millions of people to have a positive impact on climate change. This latest investment by Channel 4 Ventures enables high-growth consumer brands to accelerate their growth through TV advertising, in exchange for an equity stake in the business.

Prior to this funding round, Clim8 secured £5.8 million in April. Also, it launched the mobile app to thousands of users earlier this year. Notably, Clim8’s campaign is expected later in 2021.

Vinay Solanki, Head of Channel 4 Ventures, said: “Purpose is at the heart of Channel 4’s vision so we’re delighted to invest in this ambitious sustainable purpose-led business through our innovative media-for-equity model. Climate change is one of the biggest challenges of our time and very important to our core young audience so we’re looking forward to supporting Clim8 to help them to achieve their potential of becoming a leading provider of sustainable investments in the UK using our powerful marketing platform. We hope to support more businesses with
a strong purpose-led narrative in the future.”

Duncan Grierson, Founder and CEO at Clim8 Invest, said: “Sustainable investment represents one of the most powerful ways in which we can all make a positive impact on climate change. And we can do so without compromising on returns. With Channel 4 coming onboard as an investor, we have the opportunity to reach a huge audience and achieve our goal.”

Sustainable investing made possible

Further, the public will have an opportunity to invest in Clim8 in the crowdfunding round on Crowdcube in the next couple of weeks. This campaign will help to drive the growth of the company and increase its portfolio of sustainable investment products.

Headed by Duncan Grierson, Clim8s’s product roadmap includes a Junior ISA and a pension (Self Invested Pension Plan). Clim8 Invest app empowers people to make a positive and real impact on climate change with the potential to enjoy a return on their investment. Its core themes include cleantech, clean energy, smart mobility, circular economy, clean water and sustainable food. This app has been launched when sustainable fund inflows more than doubled in 2020 despite the pandemic crisis.