A Finnish fintech start-up has recently closed a successful funding round of €1.4M to continue developing what will be Europe’s first climate impact investing app – and we couldn’t be happier for them!
Cooler Future, is an early-age start-up on a mission to create a better way to invest for the climate-conscious generation.
Securing this level of funding from top-tier investors in the tech space, coupled with their invaluable trust and support, gets Cooler Future a giant leap closer to launching a new way of investing to fight climate change.
With a carefully designed mobile app, users will be able to invest in a climate-friendly portfolio of assets and track the CO2e* (carbon dioxide equivalent) impact of their investments alongside their financial returns.
By developing a unique, impact-first investment approach, Cooler Future will offer a globally diversified Fund that invests exclusively in sustainable companies and projects committed to cutting down emissions.
The idea behind Cooler Future came from Moaffak Ahmed and Matti Rönkkö – seasoned entrepreneurs and angel investors well-known within the Nordic’s tech and investing sector.
Rönkkö commented: “Redirecting investor attention to companies that actively reduce carbon emissions is a conversation changer for climate change, however there is no widespread public awareness about that yet”.
“Our mission is to introduce and standardize the climate impact metric in the investment industry as the third metric next to traditional risk and return. We want to challenge the status quo by showing people the real power their investments can have in fighting climate change.”
With the pre-launch waiting list currently open, now anyone can become a climate activist capitalist! You can join the waiting list and learn more about Cooler Future here.
*CO2e, or carbon dioxide equivalent, is a standard unit for measuring carbon footprints. The idea is to express the impact of each different greenhouse gas in terms of the amount of CO2 that would create the same amount of warming. That way, a carbon footprint consisting of lots of different greenhouse gases can be expressed as a single number.