The insurance and financial services group has supplied $30m in funding for impact investment platform Swell Investing, which has $16m under management.

US-based impact investment platform Swell Investing has received $30m in funding from insurance and financial services firm Pacific Life, the company has announced, without giving a timeframe for the investment.

Swell has created an investment platform that targets areas such as renewable energy, clean water, life sciences, healthy living and waste reduction technology.

The company has attracted more than 3,000 investors since it launched the platform in May 2017 and now has a total of more than $16m of assets…