Cornerstone Partners has led a seed round into PlusHeat to fund research, recruitment and marketing.
"We’re excited to be working with Cornerstone Partners and Michael De Giorgio beyond this round to establish PlusHeat as a modern, tech-enabled challenger brand in the home maintenance and emergency space. Working with Cornerstone has been a real pleasure and we feel the partnership are the perfect cultural fit to get behind our young, passionate and diverse team."
The oversubscribed seed round was led by Raising Partners Angels in its debut investment.
"Society has gained immeasurably from the unique advantages of hydrocarbons, and our vision is to be a prime constructor of a fully circular and carbon-neutral supply at scale,"
The grid technology company raised £10.9m from BGF, Breakthrough Energy Ventures, and Eaton to fund global expansion.
"This fundraise is a fantastic endorsement of our business, our team, and the technological solutions we provide. Our new financial and strategic partners will help drive a step change in the delivery of our services to system operators globally, accelerating our ability to enable power grids around the world to rapidly decarbonise and meet their net zero objectives. With COP26 on the horizon as we approach tipping point in the energy transition, we are proud to be an example of how British and Finnish innovation can help overcome the hurdles to decarbonisation and support the global fight against climate change."