a year ago

Switchee Secures £5M to Combat Mould in British Social Housing

  • Switchee, a British startup that provides technological solutions to reduce mould in social housing, has raised £5 million in funding led by Octopus Ventures

  • This follows a £6.5 million investment from AXA IM Alts in May 2023

  • Switchee aims to install its technology in 1 million UK social homes, providing housing providers with real-time data on mould and fuel poverty risks

  • The funding will also be used to expand Switchee's Trusted Installer Network and deploy its devices through government-funded initiatives.

      • ProblemTechnology

      "Mould is a huge problem in UK social housing, affecting the health and well-being of residents. This issue is exacerbated by fuel poverty and the need to decarbonise housing stock."

      Solution

      "Switchee provides a tech-based solution to combat mould in social housing. This involves warming devices and a communication platform for tenants, allowing for proactive detection and prevention of mould and fuel poverty. Their data-driven approach aims to improve the quality of life for millions of residents."

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