Ethical consumer mobile app CoGo has closed a £300,000 funding round led by members of investment platform Conduit Connect and a series of angel investors and family offices.
The cash will be used to fuel the venture’s UK expansion efforts and enhance its app, which connects consumers with businesses that share their social and environmental values.
Ben Gleisner, founder and CEO, CoGo, comments: “A key objective for us is to enable consumers to play a role in the future of their planet by giving them informed choices about which companies they should support based on issues they care most about. This investment will bring us closer to achieving our ambition to reach more people, by giving us the resources to expand across the UK and to enhance features to the app that will benefit both consumers and businesses. They include capabilities to harness the power of Open Banking data and integrating data from other sustainable and ethical business accreditations.”
Short for ‘Connecting Good’, CoGo made its UK debut in January and has thus far attracted more than 100 brands on its platform, including the Co-op, Wahaca and Caravan.