Future Planet Capital, an investment firm focused on top university start-ups, has exceeded its £2.5 million (over $3.3M US) crowdfunding target within days.
The firm has now raised £3 million on the crowdfunding platform Seedrs. So far, the firm has invested £300 million in university start-ups. It has also carved out a 10% corridor in future deal flow for small investors, offering them the same access to promising start-ups as its institutional investors.
“We want to find a way to allow the crowd to have access to impact and innovation,” says Hansen-Luke, founder of Future Planet Capital. “If you can persuade sovereign funds, governments, and experienced investors to invest, if it has worked for them, then we’ve already done the hard part. It makes sense to let individuals access innovation and impact.”
The firm supports start-ups from the world’s top universities, with a focus on climate change, health, education, sustainable growth, security and other industries that aim to solve some of the most pressing challenges facing humanity today. It plans to back between four and five university start-ups each year.
The £3 million raised through Seedrs will support Future Planet Capital’s new climate change fund, which will invest in four to 10 start-ups in industries such as food and agriculture, sustainable consumption, energy, and emissions and carbon reduction.
Source: Growth Business