Clim8
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Clim8 helped UK consumers invest in listed companies and funds focused on climate-related solutions.
02 / Clim8 FAILURE REASONS
Failure reasons
CEO Duncan Grierson said changes in the economy, inflation and investors’ appetite for startups prevented further venture financing. The company pursued strategic alternatives for several months but none provided a positive outcome, so it began closing customer accounts.
03 / EVENT HISTORY
Events in the structured record
- Company founded
The company was established to offer climate-focused investing.
- Investment app launched
Its consumer investment app entered the market.
- Customer accounts began closing
On 28 March the wind-down was reported; the company worked with its custodian to protect customer funds.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Economic conditions and investor appetite changed
- 02
Further venture capital could not be secured
- 03
Alternative strategic options did not succeed
- 04
Customer accounts closed through a wind-down