clim8 raises $8m from 7pc ventures, launches climate-focused investing app for retail investors
Navigating the Complexities of Ethical Investing
The realm of ethical investing can often feel intricate and opaque, frequently marred by instances of “greenwashing.” A recently established U.K.-based company is aiming to address these challenges with the introduction of a novel application and platform designed for individual investors.
Clim8 Invest Secures $8 Million in Funding
Clim8 Invest has successfully secured $8 million in funding from a consortium of investors. These include 7pc Ventures – known for their early support of Oculus, which was later acquired by Facebook – the British Business Bank Future Fund, and a diverse group of technology leaders and executives.
Notable individual investors encompass 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).
Focus on Climate Change Solutions
The platform will empower consumers to allocate capital to businesses and supply networks actively dedicated to mitigating climate change. This positions Clim8 Invest in a competitive landscape alongside similar ventures.
Key competitors include London-based Tickr (supported by $3 million from Ada Ventures), Helios in Paris, and Yova in Zurich.
Market Trends and Future Outlook
According to Duncan Grierson, CEO of Clim8, the launch occurs during a period of significant growth in sustainable investing. He notes that 2020 witnessed a surge in environmentally-focused investment options.
Investors increasingly prioritized opportunities related to climate considerations. Furthermore, sustainable investments have demonstrated strong performance relative to broader markets since the onset of the Covid-19 pandemic, a trend the company anticipates will persist.
Leadership and Regulatory Compliance
Mr. Grierson brings two decades of experience within the environmental sector to his role, and has previously been recognized with the EY Entrepreneur of Year Cleantech award.
The startup intends to leverage updated, more stringent EU regulations concerning disclosure requirements for sustainable investment funds. Investors will have the option of utilizing either stocks and shares ISAs (with a limit of £20,000) or a standard taxable investment account.
Mike Butcher
Mike Butcher: A Profile of a Leading Tech Voice
Mike Butcher, M.B.E., is a highly respected figure in the technology landscape. Previously serving as Editor-at-large for TechCrunch, his journalistic background includes contributions to prominent UK newspapers and magazines.
Recognition and Influence
Wired UK has recognized Butcher as one of the most influential individuals shaping European technology. This acknowledgement underscores his significant impact on the sector.
Speaking Engagements and Interviews
He is a frequent speaker at globally recognized events. These include the World Economic Forum, Web Summit, and DLD conferences.
Butcher’s interviewing experience is extensive and notable. He has engaged in conversations with prominent figures such as Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, and Jimmy Wales.
Broadcasting and Advisory Roles
As a regular media commentator, Mike Butcher frequently appears on major news networks. These include BBC News, Sky News, CNBC, Channel 4, Al Jazeera, and Bloomberg.
His expertise is also sought by governmental bodies. He has provided advice to UK Prime Ministers and the Mayor of London regarding policies related to tech startups.
Additional Roles and Honors
Butcher has also served as a judge on the popular television program, The Apprentice UK.
GQ magazine once included him in their list of the 100 Most Connected Men in the UK, highlighting his extensive network.
Founding Initiatives
He is the co-founder of several impactful organizations:
- TheEuropas.com: A platform showcasing the top 100 European startups.
- Techfugees.com: A non-profit organization focused on supporting refugees through technology.
- TechVets.co: A non-profit dedicated to assisting veterans with technology skills and careers.
- Startup Coalition: An organization fostering collaboration within the startup ecosystem.
MBE Award
In 2016, Mike Butcher was awarded a Member of the Order of the British Empire (MBE) in the Queen’s Birthday Honours list. This honor recognized his contributions to both the UK technology industry and the field of journalism.