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The Climate App

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Making climate action easy, fun & social; creating a movement to protect our planet from climate collapse

114%
 - 
Funded 21 May 2022
£100,001 target
£115,777 from 264 investors
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Business overview

Location Tadworth, United Kingdom
Social media
Website www.theclimateapp.earth
Sectors Energy Digital Mixed B2B/B2C
Company number 13733089
Incorporation date 9 Nov 2021
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Investment summary

Type Equity
Valuation (pre-money) £2M
Equity offered 5.42%
Tax relief

SEIS

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Business highlights

  • Android + iOS beta apps fully functional and ready to launch
  • 30 core volunteer team members from NASA, Facebook, IBM, Whatsapp, NHS and others.
  • Successful previous crowdfunder raising £23k from 430 backers
  • Online community of thousands, including our ambassadors Max Litchfield & Fiona Oakes
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Key features

  • Secondary Market
  • Nominee investment min. £10.20 +

Idea

Introduction

The Climate App is an environmental-social app, making climate action easy, fun & social - leveraging positive peer pressure to create a movement of action to protect our planet from climate collapse.

Governments have failed us, 1m species are threatened with extinction, life support systems are breaking down, and we only have 8 years left to stop using fossil fuels.

Many people feel powerless, unmotivated and isolated while cutting carbon can be difficult, boring and thankless.

People are ready for change - the green economy is predicted to grow from $8.3bn in 2019 to $57.8bn by 2030.

The Climate App brings together the best bits from Duolingo, Strava and Instagram; the go-to place for climate action.

Users complete gamified challenges, earn awards and achievements, see how their carbon footprint changes over time, challenge others, and inspire their network.

Utilising positive peer pressure, every action creates a ripple effect to create a mass movement of action!

Substantial accomplishments to date

1. Our team of volunteers: Experience comes from NASA, Sky, Whatsapp, Facebook, IBM, NHS, rapid-scale start-ups, climate scientists and include many PhDs and degrees from psychology to science.
2. Android alpha app developed + tested.
3. Android + iOS beta app designs produced.
4. Successful Indiegogo crowdfunder raising £23k from 430 backers:
https://igg.me/at/theclimateapp
5. Press mentions:
https://www.euronews.com/green/2020/08/17/the-c...
https://www.sussex.ac.uk/alumni/people/spotligh...

6. Android beta app developed and rigorously tested continuously over the last two years with detailed, 1-on-1 and group user feedback.
7. Growth of movement to thousands of community members across mailing lists and social media.
8. Several networks and partnerships grown including the ESGmark certification, Greentech Alliance, and famous ambassadors such as Guinness World Record holder Fiona Oakes.

9. First B2B client confirmed (paying £1k/month).

Monetisation strategy

There are possibilities for multiple B2B and B2C revenue streams. Initially the app will focus on B2B, though as with most social apps, B2C will become the most significant stream once user numbers become substantial.

B2B
• Affiliate/referral links on products+services mentioned in challenges.
• Relevant advertising + sponsorship.
• Organisational subscribers (eg Monetalis competition).

B2C
• We estimate that 3-4% of our users will pay a premium upgrade (£10-60/year) for additional features. This is based on the financial models used by Duolingo, Strava and Couchsurfing.

Use of proceeds

The majority of the amount raised will be used to ensure that there are enough full-time employees to enable the launch and growth of the apps over the first 6 months.
In detail:
• 3 Full Time Equivalent employees for year 1: CEO, lead developer, lead community builder as well as several part time equivalent employees, 89%
• Travel, 0.5%
• Marketing, 3%
• Office Lease, 2%
• Server costs for 20,000 active monthly users, 2%
• Tech subscriptions, 1%
• Legal/accounting cost, 2%
• Other, 0.5%

Overfunding would let us continue our efforts for the year, while ramping up our tech architecture, and content creation teams to start our International plans sooner, rolling out to the US, Australia and other English-speaking countries.

Key Information

Currently the team consists of a global community of highly experienced volunteers. After the successful closing of this campaign, there is a plan to pay a salary to the CEO, a full-time lead developer and full-time lead community builder, and several others part-time.

Open an account to get access to the team members of The Climate App

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for The Climate App has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 17 March 2022 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £2,000,050

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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