Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Iris Capital launches €250m European tech investment fund

News

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more

Tech City Voices

Culture. There’s no app for that, Kalanick

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

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 £4.67m VC round, Uber’s CEO steps down, Verizon acquires Yahoo, 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

Paris

Iris Capital launches €250m European tech investment fund
posted 12 hours ago

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more
posted 16 hours ago

Culture. There’s no app for that, Kalanick
posted 18 hours ago

startup life

Uber’s CEO resigns, over £368m in UK tech funding, a new $3.3bn fund and more in The Week in Tech
posted 20 hours ago

inploi-co-founders

EXCLUSIVE: London-based Inploi raises £500,000, brings total to £1m
posted on June 22, 2017

Peter-Smith-Nic-Cary-Feb-2016

UK-founded tech startup Blockchain secures $40m Series B
posted on June 22, 2017