Sustainable investment app Clim8 Invest is set to launch a crowdfunding campaign on Crowdcube in anticipation of its summer debut.
According to Clim8, to meet the United Nations climate change targets, the world requires an average annual investment of $2.4 trillion in clean energy. Interestingly, a Morgan Stanley study reveals that 95% of millennials express an interest in sustainable investing.
Clim8 aims to leverage this demand with its platform, allowing users to invest in a curated portfolio of publicly listed companies focused on clean energy, clean technology, sustainable food, smart mobility, and recycling.
Founded by cleantech expert Duncan Grierson, Clim8 successfully raised £650,000 in a seed round last year, drawing interest from banking and fintech sectors. The upcoming Crowdcube campaign will now invite public participation.
Grierson emphasizes the urgency of their mission, stating, “As the world confronts the Covid-19 pandemic, we must remain vigilant regarding the long-term climate crisis, which poses an even greater threat. There is an urgent need for a platform like Clim8 Invest. Many individuals are eager to support positive climate solutions through their investments, and our app fulfills that desire.”