7 years ago

Switchee Raises £1.3 Million to Help Social Housing Landlords Tackle Fuel Poverty

  • Switchee, a London-based IoT startup, has raised £1.3 million in pre-Series A funding for its smart thermostat and accompanying cloud-based service

  • The product targets large landlords, particularly in the social housing sector, helping them tackle fuel poverty and manage their properties efficiently

  • The funding round was led by Fair by Design Fund, a new £15 million fund managed by Ascension Ventures and backed by Big Society Capital and Joseph Rowntree Foundation

  • Other investors include Contrarian Ventures and AU Capital Partners

  • Switchee has built its own hardware and offers a vertically integrated solution with bespoke hardware and a cloud service

  • The company is currently working with over 40 social landlords in the UK.

      • ProblemTechnology

      "Making insurance more flexible for social housing landlords and helping them tackle fuel poverty amongst their residents, whilst providing a scalable technology solution for managing their properties."

      Solution

      "Switchee's smart thermostat and accompanying cloud-based service are designed to help landlords reduce energy bills and better manage their properties."

      Covered on