3 years ago

Troo Secures £500,000 to Expand Energy Brokerage Services

  • Troo, a Sunderland, UK-based energy broker, has raised £500,000 in funding led by North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia

  • The funds will be used to strengthen the team, doubling its headcount

  • Founded in 2018 by Andrew and Rachel Richardson, Troo offers complete visibility on commission costs, energy monitoring, and tailored advice on how to save energy

  • The company has doubled its turnover each year for the past two years and is on course to do so again in the coming year

  • As part of the investment, Peter McLeod has joined the board from Total Energies as the new Sales Director, bringing eight years of experience of business development and marketing in the energy supply sector to support Troo's sales pipeline.

      • ProblemEnergy

      "Businesses struggle with high energy bills, making it hard to be profitable. Existing energy brokers aren't transparent about their commission costs, and don't provide real-time energy usage data or personalized advice."

      Solution

      "Troo is an energy broker that gives businesses full transparency on commission costs. They offer energy monitoring and provide tailored energy saving advice to help businesses cut down on their energy bills."

      Covered on