5 promising impact startups of August 2020

Helsinki-based iFarm raises €3.3 million for its automated indoor farming solutions

iFarm, a Finnish startup that provides innovative solutions for growing fresh greens, berries and vegetables, has raised around €3.3 million in funding. iFarm’s automated vertical farm management technologies allow customers to start growing salads, greens, berries and vegetables in the urban environment: from empty warehouses and factory shops to basements and distribution centres. The startup will use the funding to develop its iFarm Growtune tech platform that enables operations of multiple varieties of vertical farms and quadrupling the number of plants available to iFarm’s tech.

London-based digital mortgage startup Habito became a B corp

Founded in 2016, this British startup has helped more than 330,000 people better understand their mortgage needs, and submitted more than approx. By becoming a B Corp, Habito joins a global community of forward-looking companies including Ben & Jerry’s, Patagonia, WeTransfer and more than 3,000 others around the world that use the power of business to solve social and environmental challenges and make the world a better place. In fact, Habito is now the first mortgage company in the UK to make this move.

Berlin-based Klima helps us take climate action on our smartphones

Klima, founded in 2019, allows anyone to become carbon neutral with the tap of a button. You can calculate your carbon footprint and support science-backed climate projects that remove or prevent the same emissions elsewhere. Users can measurably reduce CO2 emissions around the globe and offset their own footprints by contributing to projects like planting biodiverse tropical forests, transforming the Saharan sun into green energy, or other successful climate initiatives. Klima’s projects all rank among the top ten most effective climate solutions worldwide and meet the highest quality standards for certified carbon offsetting.

British startup THIS raises €3.8 million on Seedrs to grow its hyper-realistic plant-based food for meat lovers

THIS, the British startup that makes hyper-realistic plant-based food for meat lovers, has raised around €3.8 million, following the launch of its Seedrs campaign. Set up by meat lovers, Andy Shovel and Pete Sharman, who successfully exited beef burger chain Chosen Bun, they channelled their in-depth knowledge of meat to create THIS, which they say is one of the most realistic chicken and bacon meat-alternatives in the world. Following two years of research and development, partnering with world-leading texture scientists and flavourists, THIS mimics meat in taste, texture, appearance and smell, but without the ethical or environmental impact, instead using peas and soya beans as the base.

London-based Log my Care secures €660K to digitalise social care

Log my Care was recognised for its social impact in care, a sector that is facing enormous challenges with an ageing population, financial constraints and now the COVID-19 crisis. Founded in 2017, Log my Care’s cloud-based care planning software enables care homes to take all their admin and planning online. Its user base has doubled since the start of the year and the app is in use across hundreds of care services by thousands of carers, who in total have recorded nearly 30 million care logs. 

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