Skoot Eco Group secures £1.1m from Low Carbon Innovation Fund 2 to fuel expansion
Low Carbon Innovation Fund 2 backed the £1.1m capital raise as the startup marked its one millionth tree planted.
Skoot Eco Group operates a climate technology platform that helps businesses integrate sustainability solutions into their operations. The firm focuses on the hospitality sector by offering tools that enable companies to plant trees and remove ocean plastic.
Skoot Eco Group has secured £1.1m in a capital raising round backed by Low Carbon Innovation Fund 2. The funding coincides with the company reaching a milestone of one million trees planted through its climate platform. The fresh capital will support the startup as it expands its partnerships with environmental organisations and extends its market reach.
Operating primarily within the hospitality sector, the company provides tools that allow businesses to fund tree planting and carbon reduction projects via point of sale systems. The latest investment follows a period of commercial progress for the firm, including contracts with major energy and technology providers.
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
Skoot Eco Group
Climate technology platform enabling businesses to integrate sustainability solutions into hospitality operations.