Menu visibility control

Video

Events

Startup Surgery

Most Recent

E-commerce

EXCLUSIVE: Suffolk-based SaveMoneyCutCarbon raises £2.2m

Investments

Shipping software provider Shipamax raises $2.5m in Seed funding

FinTech

London-based robo-adviser MortgageGym raises £2m Seed

Press Releases

Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured
London tech startup Spoon Guru partners with Tesco to power food searches for consumers with specific dietary needs

Clean tech startup Switchee closes £605,000 Seed round

Switchee
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Clean tech startup Switchee has raised £605,000 in Seed funding to expand the reach of its smart thermostat technology.

The funding round was led by Mustard Seed Ventures, investment bank ClearlySo; and Ian Nolan, a member of the ClearlySo network a former CIO of the Green Investment Bank.

Switchee also drew support from Wayra UK – part of Telefonica Open Future – and property tech VC fund Pi Labs.

A $40m funding round, Snapchat’s poor results, Deliveroo’s first acquisition and more in The Week in Tech

Adam Fudakowski, managing director of Switchee, spoke about the raise: “Housing associations are facing revenue cuts combined with increased rent-collection costs and regulatory standards for maintenance, condition and environmental performance of homes. Switchee helps alleviate these burdens by lowering energy bills for residents and reducing service costs for landlords.

“The feedback to date from our pilots with housing associations has been extremely encouraging, from landlords and residents alike. We are focused on a significant summer installation programme into 11 housing associations and, thanks to the overwhelming success of this funding round, we can meet growing demand and substantially upgrade our analytics to deliver an even better return on investment for our clients and lower fuel bills for residents,” added Fudakowski.

Nolan from ClearlySo and Alex Pitt of Mustard Seed will also join the London-based startup’s board.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

savemoneycutcarbon

EXCLUSIVE: Suffolk-based SaveMoneyCutCarbon raises £2.2m
posted 47 mins ago

shipamax

Shipping software provider Shipamax raises $2.5m in Seed funding
posted 5 hours ago

MortgageGym

London-based robo-adviser MortgageGym raises £2m Seed
posted 5 hours ago

tech startup AI

AI and IP: What you need to know
posted on May 21, 2017

Top tech stats

Top tech stats: Entrepreneurial confidence, VR headsets and much more
posted on May 20, 2017

the death of the accelerator

Could tech accelerators soon become a thing of the past?
posted on May 19, 2017