The smart home energy company secured funding from over 1,200 public backers on Crowdcube.
"We entered into crowdfunding as we wanted a percentage of the company to be genuinely owned by the consumer. To receive this level of investment from the public is an incredible endorsement for all of the hard work the Verv team has done so far and we’re excited to have brought on board an incredible 1217 crowd investors join us on our journey."
The seed round was facilitated by Envestors and brings 23 new backers to the company.
"The first half of 2017 has been tremendously exciting for Solaris, with substantial technical and commercial progress transforming the Company. With the seed fundraising completed, Solaris’ team is looking forward to focusing on the core product development for the remainder of the year"
The capital will fund upcoming field trials and North American expansion.
"This investment has made a great difference; our project is now gathering momentum with many process engineers eager to see what is happening within their process or pipeline. We believe we can make a significant impact to gas production."
The Series A round was backed by intu, Breed Reply, and Finance Wales.
"This is an exciting moment for enModus. Having intu, such a key player in commercial real estate, joining our key investors and supporting enModus is a validation that our technology is the best fit for safer and smarter buildings and that we provide our customers with a platform that helps them manage their energy efficiency priorities in the most effective way."