SFC Capital led the pre-seed round, which will help Furbnow expand its supplier network for home energy upgrades.
"Everyone deserves a warm, comfortable home without costly bills and yet 11.7 million homes sit at the D energy rating or less. Sadly, energy efficiency has been the poor relation to the low-carbon technologies that grab headlines. But if your home is cold and draughty, no amount of Co2 savings is going to be better for you. We’re building Furbnow to be the go-to platform for homeowners who want advice and support as they plan and install low carbon technologies and energy efficiency elements in homes,"
Faisal Al-Rajhi led the seed round to support product development and go-to-market strategies.
"This seed funding will significantly boost our development and go-to-market strategies, accelerating our path to becoming a leader in geotechnical analysis. Our technology not only supports regulatory compliance but also sets new standards in proactive environmental management"
The Lancashire tech company has closed its latest funding round from 42 northern based individual investors, bringing its valuation to £4m.
"We started trading about 6 months ago and in that time we’ve cleaned 12,000 homes and have 2,500 subscribers, which is testament to the hard work of our Head Office team and Service Operatives"
Oxford Innovation EIS Growth Fund has backed the manufacturer of cold corrugation equipment in a follow-on funding round.
"Despite appearances, corrugated board is not easy to make and over the last 50 years there has been little to no innovation in the manufacturing process. With the majority of global goods now being bought online and demand for sustainable packaging increasing, it was time for a revolutionary solution to the current energy and water intensive manufacturing processes. Our cold corrugation process uses 80% less energy, is one tenth of the price, and allows for decentralised, on-demand production that reduces manufacturing costs by up to 30%. This recent investment will allow us to continue the manufacture of our innovative machines and enable more customers to harness the benefits of self-manufacturing their corrugated board more sustainably."
The London-based software provider secured backing from MMC Ventures, Triple Point Ventures, Fred Olsen, and Catalyst Capital.
"We’ve diligently expanded our product offering while maintaining a close connection with our customers, delivering exciting and market-leading features. This investment from MMC Ventures is a testament to their faith in our products, our team, and the limitless potential Modo Energy’s solutions offer, shaping the future of sustainable energy for the better."
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