Finnish fintech startup Cooler Future has closed a funding round of $1.7 million. The round was led by Europe’s top VC and impact angels such as Lifeline Ventures, Nordic Makers, Gary Lin (Purple Orange Ventures), and Patrick Schmidt (CEO at Global Fashion Group).
Juha Lindfors, Partner at Lifeline Ventures, said:
“Cooler Future is an exciting company for investors and climate activists alike, with significant potential for growth and a clear opportunity to drive positive change.”
Founded in 2019 by Chairman Moaffak Ahmed and CEO Matti Rönkkö, Cooler Future is a fintech startup developing transparent and effective impact investment solutions for the climate-conscious generation. The company`s mission is to create a positive climate impact by investing in assets from companies that are actively reducing their carbon footprint. With Cooler Future’s easy-to-use mobile app, anyone can track the impact of each euro invested while generating financial returns at the same time.
The raised money will allow Cooler Future to launch a new way of investing to fight climate change and contribute to further development. To date, the company has offices in Helsinki and Berlin.
“Redirecting investor attention to companies that actively reduce carbon emissions is a conversation changer for climate change, however, there is no widespread public awareness about that yet. Our mission is to introduce and standardize the climate impact metric in the investment industry as the third metric next to traditional risk & return. We want to challenge the status quo by showing people the real power their investments can have in fighting climate change”, says Rönkkö.
