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EIIS investors back Climaction ambition [Video]

Small Business Funding
Paul Murphy’s Climeaction helps firms to develop sustainability action plans using its Fast process and has been profitable from its start in 2021. He tells Karina Corbett how he bought out the business and secured financing for its global ambitions.

Having a sustainability strategy, along with a plan to implement it, is imperative for any business now, regardless of size, according to Paul Murphy, chief executive of Climeaction, a climate action solutions provider that recently raised substantial funding.

The business was established in April 2021 by Murphy and Joe Aherne’s Leading Edge Group, with Murphy owing a 15% stake and Leading Edge the balance.

Leading Edge Climate Solutions Ltd did well from the off, and booked a net profit of €300,000 in 2022. For reasons that Murphy says he is precluded from discussing, in 2023 the partners decided to go their separate ways.

Murphy and some colleagues bought out Leading Edge in November 2023. Company …

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