Clim8

Summary

Clim8 is a digital investment platform focused on companies having a positive impact on climate change. Backed by £5m of venture capital & by 3,000 retail investors, they have now secured up to £2m in airtime for equity from Channel 4 Ventures. They have launched in the App Store to target part of the £1.6 trillion held by retail investors.

• Experienced team from Credit Suisse, Expedia, Lendinvest, Monese
• Tripled size of the team from 10 to 30 people in last year
• £5m in venture capital raised to date
• 4.8 star rating in the App Store, from c.100 reviews

Idea

We founded Clim8 so anyone can invest in companies that are making a positive impact on climate change. We believe that there is a lot of “greenwashing” happening. In contrast, we have an in-house investment team that focuses on renewable energy, clean technology, sustainable food, electric mobility, clean water, & the circular economy.

An estimated $2.4 trillion needs to be invested, every year, into clean energy, to meet the UN targets on climate change to avoid “catastrophic damage”. The market opportunity in the UK alone is vast, with some £1.6 trillion held in retail investments.

We launched the Clim8 Invest app on IOS & Android in private beta in October 2020 and then in the App Store in March 2021. Our users have invested from £25 all the way up to £97k. We charge a fee as a % of assets under management.

We have already raised £5M+ of venture capital plus a recent £2M in airtime from Channel 4 Ventures. Our investors include a venture capital fund backed by the British Business Bank & Atomico, the Future Fund, plus 3,000 investors from two successful Crowdcube campaigns (overfunded by 300% & 500%).

Crowdcube investors now have the opportunity to invest alongside Channel 4 and join the Clim8 journey. We are raising further funding to accelerate user acquisition & launch new product offerings including pensions.

Team

The team has many years of experience in sustainability, technology and financial services.

Duncan Grierson - CEO & Founder

EY Entrepreneur of Year Cleantech award winner | Director, Gresham House Renewable Energy Venture Capital Trust PLC | Investment Director at TCVC, software venture capital (Paris, London, Silicon Valley) | Finance lawyer with Clifford Chance | Cambridge University law degree | MBA from INSEAD

Vincent Gilles - Chief Investment Officer

Global Head of Utilities Research, Credit Suisse | Head of Utility and Infrastructure research, UBS

Megan Olwen Williams - VP Operations

VP Operations, Monese | Senior Assistant and Operations Manager, Nomodo

Andrew Cocker - Chief Marketing Officer, Acting (Part-time)

CMO Skyscanner (acquired for $1.75bn in 2016) | Senior Marketing Director, Global Brand & Innovation, Expedia

Liz Warner - Chief Technology Officer, Acting (Part-time)

CTO, Mettle (NatWest business banking app) | CTO, LendInvest (P2P app for mortgages)

Adriana Landaverde - Chief Product Officer (Part-time)

Head of Product, Nutmeg | Product Manager, Trulia