Includability extends warm congratulations to Official Partner, Ecologi on receiving £4m of investment led by General Catalyst.
The Boston based capital venture firm, known for making investments into household names like: AirBnB, Deliveroo, Snapchat, Stripe, and Monzo has allowed carbon offsetting solutions body, Ecologi to “grow to the scale needed to take on climate change in a significant way”.
Ecologi: Shopping for investment
Elliot Coad, Co-Founder and CEO of Ecologi, said:
“Before we started Ecologi, the idea was that we’d be set up as a non-profit organisation. Our mission is altruistic and that non-profit model aligned with our vision. As half of the world’s emissions have happened within the lifetime of a 30-year-old, there isn’t the luxury of time to grow traditionally through donations and slower ‘organic growth'. It’s not just a sum of money that we were looking for, but a partner who wholly understands the delicate conditions which Ecologi needs to thrive: putting the planet first; complete transparency; keeping operational costs minimal; and staying ethical.”
Ecologi say they spoke with around 50 potential investors before selecting General Catalyst who they say “fully understood this ethical tightrope” with their long term plans to raise the bar on what it means to be a social enterprise. They now look forward to progressing their climate impact exponentially as they head towards a target of reducing 50% of global emissions by 2040.
Includability Founder offers congratulations
Paul Smith, Co-Founder of Includability, said:
“Congratulations to Elliot and the team at Ecolgi on securing a substantial investment that will enable them to take the incredible work they do to the next level. As an Official Partner of Includability, we are looking forward to working closely with them to attract new talent as they grow over the next 12 months.”
Read a Q&A on Ecologi’s scaling plans