Tickr, an app that helps users to invest in businesses that have a positive impact, has raised £ 2.5 million from Ada Ventures, the London-based venture capital fund that invests in neglected entrepreneurs and markets.
Created in 2018 by Matt Latham and Tom McGillycuddy, tickr helps individuals to invest their capital into particular businesses across the themes - People, Planet, or a combination of the two.
At the age of 29, after stints at Oxford University, Barclay's, and Wellington Management, Tom intentionally designed the platform to make investments as convenient for anyone as possible.
The team provides investments only in businesses that deliver social and environmental solutions.
Right now, with the new introduction of a carbon offset subscription service, the platform is extending options further than just investing.
Notably, earlier this year, the London-based corporation turned carbon-neutral twice by offsetting double the volume of its carbon emissions.
Tickr's monthly sales rose 10 times through the pandemic, as per the company's statements, highlighting the rising movement in impact investing.
Matt Penneycard, the founding partner of Ada Ventures, said: “tickr is capturing something powerful and ethereal – a modern investing mindset that wants more say in the second and third-degree effects of what happens with our money.
“tickr’s customers (which include both Check and me!) understand the truth that doing the right thing with your money should also be rewarded with the best financial returns. Financial institutions on Wall St and in the City have started to realise this. tickr is democratising access to the same thinking for any individual investor.
“When we first spoke to Tom and Matt in early 2020, this was an interesting idea. A year later, tickr customers have proven their point, which is reflected in the extraordinary growth of the company.”
Furthermore, for any referral tickr obtained from an app user, the organization collaborated with OneTreePlanted.org to plant a tree.
McGillycuddy added: “We want to be the most convenient way for anyone to have a positive impact on the world. The tickr app as you see it today – aligning your investments with companies addressing big problems – is just the beginning. Finances should be stacked in favour of the user, whilst benefiting the planet, and that’s what we are setting out to prove.”