Ecologi, a company that plants trees and funds climate crisis solutions, and which was only set up on 2019 by three Bristol based friends, has secured more than 144 per cent of its original Crowdcube crowdfunding target.
The company, which in two years has – through its subscription service – planted more than 15 million trees, has raised nearly £2.9 million from 1340 investors.
Ecologi is a platform for climate action, helping individuals, families and businesses become ‘Climate Positive’. Backed by General Catalyst (AirBnb, Deliveroo, Stripe), it is now raising for international expansion and product innovation including Ecologi Zero, its real-time carbon footprinting software for businesses.
Between April and June, its subscribers funded 6,048,818 trees and 112,508 tonnes of verified carbon offsets. Its community’s tree total for this quarter was up 41 per cent from the 4,279,818 trees funded in Q1 2021, and its volume of carbon credits funded is up 40% on last quarter’s 87,222 tonnes.
The company says this quarter was unusual because in April it saw an enormous uptick in the number of trees funded for planting through the platform. In April alone, its community funded 2.86 million trees – by far our biggest monthly total yet, and dwarfing May and June’s figures, even though they were very close to being record months themselves.