London-based sustainable investment app Clim8 bags £5.8M to tackle climate change

Clim8 Invest is a UK-based investment platform meant to help consumers invest in companies focused on tackling climate change. The company announced the launch of its mobile app as sustainable funds outperformed the market in 2020. Also, the company raised $8 million (nearly £5.8 million) in funding.

The investment round was led by 7pc Ventures (early backers of Oculus, acquired by Facebook), British Business Bank Future Fund and technology entrepreneurs and executives including Marcus Exall (Monese), Marcus Mosen (N26), Paul Willmott (Lego Digital, McKinsey), Doug Scott (Redbrain), Matt Wilkins (Thought Machine), Andrew Cocker (Skyscanner), Steve Thomson (Redbrain), Monica Kalia (Neyber, Goldman Sachs), Doug Monro (Adzuna), and Erik Nygard (Limejump).

The investment comes after the company raised £2.4 million funding late last year. It will let consumers invest in companies and supply chains with a focus to tackle climate change.

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