Updated: Dec 9, 2022
👉 Already $3.5M pledged on the waitlist; join the movement here. 🌎
MEDIA RELEASE: Brisbane, 6 October 2021
Bloom Impact Investing, an Australia-based Fintech company, focusing on Climate impact, announced raising a $675,000 funding round led by the leading Australian Climate tech startup accelerator and innovation network, EnergyLab.
The first Australian Climate Impact Investment Platform
The Climate Fintech company will use the funding to develop its retail investment app, set up its climate impact fund, and double its local team size. The investment app is beta testing on Android and Apple stores and will be launched publicly later this year in Australia. Bloom was selected amongst 6 companies participating in the Climate Solutions Program run by EnergyLab in July 2021 and was supported by the accelerator for its pre-seed raise.
“Bloom is one of those wonderful companies that has grown out of sector experience, climate passion, and perfect timing. Australians are crying out to invest their money in line with their values and Bloom is creating an accessible, responsive platform to allow consumers to do exactly that. We are excited to support Camille and Bertrand in their mission and look forward to Australians benefiting from their work in the coming months.” Piers Grove, EnergyLab Chair said.
“We are delighted by the caliber and value-alignment of our investors for this pre-seed raise. Combining our personal connections with EnergyLab’s angel network has allowed us to attract experienced investors who had genuine expertise and interest in climate impact. Bloom is now supported by the perfect mix of investors with deep knowledge in financial services, consumer businesses, and climate impact.” Said Camille Socquet-Clerc, Co-founder and CEO of Bloom Impact Investing.
Investing in renewable energy projects and climate impact companies, now accessible to all Australians.
Founded in 2019, Bloom’s core product focuses on an investing mobile app, democratising impact investing. It allows retail investors to invest as little as $500 directly into a diversified portfolio (or mutual fund) of clean energy infrastructure (such as solar farms) and cleantech companies to generate a return while shifting the dial on climate action.
Bloom Impact Investing was founded by Camille Socquet-Clerc and Bertrand Caron, a couple who created the app to help Australians use their money power to scale their climate impact. The app currently has more than $3.5 million pledged on its waitlist.
Support from the founders of Envato, the leading marketplace for creative assets platforms and prominent cleantech investors.
The highly successful Envato founders, Cyan and Collis Ta’eed, both passionate about Environmental Impact Investing, have decided to support Bloom’s mission by participating in the raise:
“We are really excited about Bloom’s potential to empower many more passionate investors around Australia to both fund and benefit from Australia’s building momentum around climate impact. When we invest, we’re always on the lookout for founders whose motivations are authentically purpose-led, and it was clear from the first time we spoke with Camille that her commitment to Bloom’s social impact runs deep.” Said Cyan.
“As a founder, I find that the best advice and support comes from people who have been themselves on challenging and successful entrepreneurial journeys. I am very proud that our business is now supported exclusively by investors with a genuine impact mindset and stellar business track record.” Said Camille Socquet-Clerc, Co-founder and CEO of Bloom Impact Investing
ACAC Innovation, Palm Beach Ventures, NOAB Ventures, and top financial services executives also participated in the fundraiser.
NOAB Ventures director, John Wood, who previously invested in successful Cleantech businesses such as Allume, Relectrify, and Sicona Batteries, said:
“What I love about Bloom is the ability for individuals to come together as a community, and pool their investments to supercharge their impact. It’s a great solution for people’s wallets and the planet: investors get direct feedback on their return for their personal investment and the carbon they remove from the atmosphere.”, Said John Wood.
“Impact investing is a 19.9 Billion opportunity in Australia but also one of the most scalable ways to address Climate Change. With Bloom, we can deploy much-needed capital into climate solutions but also allow thousands of individuals to participate and benefit from the clean energy transition. Australians can finally scale their personal impact and grow their wealth, by simply shifting their savings away from fossil fuels and towards climate impact.” Said Camille Socquet-Clerc
The Bloom impact investing platform will feature a managed climate impact fund, access to a community of impact investors, and sustainable finance education.
About Bloom Impact Investing:
Bloom Impact Investing is an Australian fintech startup on a mission to make Climate Impact Investing easy - a new way to invest to combat climate change.
Bloom Impact Investing is a green investment app empowering people to grow their wealth while positively impacting the planet.
Starting with only $500, people can now be “impact Investors” and invest in renewable energy projects and climate companies previously only accessible to wholesale investors.
But Bloom is not just an investment app, it's also a community of people using their money power for good, gathering every month to learn about impact investing and sustainable finance.
Bloom invests in Climate Solutions defined by Decarbonisation models scientifically developed by Climate Action Thinktanks ClimateWorks and Project Drawdown. Bloom invests in renewable energy projects and clean technologies (such as electric vehicles, energy efficiency, regenerative agriculture, biofuels, and clean water).
EnergyLab is Australia’s largest climate and clean tech startup accelerator and innovation network dedicated to reaching net-zero emissions. We provide a springboard for the top energy and climate tech startups in the region, and we connect talented founders, innovative companies, top-flight professionals and experts, and impact-driven investors in a network designed to drive and support climate tech and energy innovation. To find out more, visit energylab.org.au.
If you're ready to start investing to fight climate change, download the Bloom app.
You can also join the Bloom community if you want to learn more about sustainable investing We have an upcoming array of events where you can learn how to make a positive impact on your finances.
The information on this website is prepared by Bloom Impact Investment Services Pty Ltd (ACN 651 965 098 AR 001294778), who is an authorised representative of Cache Investment Management Pty Ltd (ACN 624 306 430 AFSL 514 360) (Cache). Bloom’s financial products are issued by Melbourne Securities Corporation Limited (ACN 160 326 545 AFSL 428 289), as disclosed in the relevant PDS. All information provided in this article is general information only and does not take into account your personal circumstances, financial situation or needs. Before making a financial decision, you should read the relevant product disclosure statement and target market determination consider whether the product is right for you and whether you should obtain advice from a professional financial adviser.