Today Clim8 Invest (Clim8), the investment platform for consumers to make a positive impact on climate change, has announced it has secured around €2.3 million investment from Channel 4 Ventures, the UK’s largest ‘media for equity’ fund. The partnership will enable Clim8 to exponentially increase brand awareness as it looks to achieve its mission to empower millions of people to have a positive impact on climate change.
Founded in 2019, Clim8 allows users to support the causes they believe in, move funds into companies helping the planet, and benefit our society. The startup has curated a portfolio of carefully selected companies already making a positive impact on climate change, so that users can find those making a difference at their fingertips on the app.
The startup’s new funding announcement follows the successful raise of €5.8 million by Clim8 in 2020 (including a crowdfunding campaign) and the launch of the Clim8 mobile app to thousands of users earlier this year.
The investor in this round, Channel 4 Ventures, enables high-growth consumer brands to accelerate their growth through TV advertising, in exchange for an equity stake in the business. 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.”
The public will have an opportunity to invest in Clim8 when it commences a crowdfunding round on Crowdcube in the next couple of weeks. The Crowdcube campaign will help to drive the growth of the company and increase its portfolio of sustainable investment products.
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Source: https://www.eu-startups.com/2021/06/uk-based-clim8-secures-around-e2-3-million-for-its-sustainable-investment-platform/
