Bethnal Green Ventures led the pre-seed round, with participation from SFC Capital, SCE Freiraum Ventures, Cranfield University Seed Fund, and Benjamin Manwaring, to accelerate product development and scale pilot projects.
The pre-seed round was spearheaded by Lifted Ventures with backing from nine network angels.
"The UK is at a pivotal moment in its transition away from fossil fuels. While heat pumps are essential to achieving net zero, the industry has overlooked a critical piece of the puzzle: aftercare. Mutha Cuva is here to make heat pump servicing simple, reliable and scalable, giving homeowners peace of mind and helping the UK hit its climate targets."
The company completed its final angel raise backed by a network of local investors.
"I’ve known for a long time that the trend for consumers is toward convenience, and that’s what I’ve been working on for the last 7 years in total now. I’m really proud that of the 103 Angel Investors in Patch App, 83% of them are from within an hour of our head office in Burnley, Lancashire. It’s been a long, hard slog but people have believed in our team. We knew a Fund wasn’t the right approach for us, so we did it a different way"
24Haymarket backed the environmental monitoring firm to help scale its commercial operations and product innovation.
"WATR is delivering critical infrastructure and real-time data solutions at a time when environmental monitoring is a global priority. The team’s technical agility and deep sector understanding position them to be a leading player in this fast-growing space."