Bristol-based climate tech Ecologi picks up £4M to become ‘Spotify of sustainability’
Bristol-based Ecologi is a subscription service that helps individuals and businesses lower their impact on the climate. Now, the company has picked up £4 million investment led by General Catalyst to become the ‘Spotify of Sustainability’.
Notably, General Catalyst has backed companies of significant scale such as Airbnb, Stripe, Monzo and Deliveroo. Also, the company bagged a smaller investment from Entrée Capital.
Ecologi will use the investment to scale up the teams to enhance the platform, grow the climate projects procurement and reporting team, and expand the marketing and partnership teams. It eyes to have a team of 40-60 people over the next 12 months.
The investment will also allow the company to buy larger quantities of certified carbon offsets and tree purchases upfront, thereby letting them plan better, get access to some projects that would not be possible otherwise and sometimes access better prices.
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