The cleantech company completed a £5m financing round featuring a Series A investment and capital from Angel Investment Network.
"We are excited to be working with eleXsys Energy in this period of significant growth for the company. This raise ensured that eleXsys secured the backing of strategic and experienced investors as they expand their global reach and make their mark on international markets. Our passion-driven investors want to support businesses that solve real problems and there’s arguably few greater problems to solve than how to dramatically scale the move to clean energy."
The Series A round was led by Spearhead Capital with participation from AFG Partners and European family offices.
"It’s been inspiring to see the interest in Traydstream and our business mission from our investors. This funding round allows us to accelerate our investment into infrastructure and people as we look to serve clients globally and across diverse time zones"
The financing round was led by ArcTern Ventures with participation from notable angel investors and Saltwater.
"With leaders set to ratchet up global climate ambition at the upcoming COP26 climate summit, there’s never been more certainty amongst corporates and investors: carbon equals cost and risk. A net zero-aligned model is a proxy for profit, efficiency and resilience and we’re committed to helping firms realise the major economic upsides of the transformation."
The investment from Apax Digital Fund will support international expansion and the creation of over 400 new jobs.
"It’s an incredibly exciting time for artificial intelligence, and for Faculty in particular. Too many organisations haven’t been able to realise the value of AI, because they haven’t had the tools to integrate it successfully into their business. Customers are rightly demanding high performance technology to unlock the power of data and maximise impact. Faculty can help elevate an organisation’s performance, whether this enables better operational decisions, or increasing ROI. Apax’s expertise and global network means we will continue to grow at pace, bringing the power of AI to even more customers, helping them to make effective, robust decisions with real-world impact."
The financing round saw participation from figures such as Huda Kattan and Chad Hurley.
"Democratising access to education is something I care deeply about and so does the team at Uptime. I’m excited to be joining them on this journey as an investor and board member to create a truly global edtech platform."
