AirEx raises £520k from Green Angel Syndicate to fund smart ventilation growth
Green Angel Syndicate led the investment into the energy efficiency start-up.
Share allotment filed at Companies House
AirEx designs and manufactures smart ventilation products that reduce heat loss in residential buildings. The company was founded to address climate change and fuel poverty.
AirEx has secured £520k in an investment round led by Green Angel Syndicate to expand its smart ventilation technology. The company addresses residential heat waste through its IoT-enabled smart vents, which regulate airflow based on temperature, humidity, and weather data.
The capital will support the company as it targets social housing providers, private landlords, and homeowners. AirEx is one of a select group of energy efficiency providers approved by Ofgem under the Energy Company Obligation scheme.
Green Angel Syndicate led the financing, highlighting the importance of improving domestic energy efficiency to reduce carbon emissions. Agnes Czako, co-founder and chief executive of AirEx, stated that the backing will allow the business to accelerate its growth.
From the founder
"It’s fantastic for AirEx to have the support of Green Angel Syndicate, the only group of angel investors in the UK specialising in the fight against climate change and global warming. The company is entirely dedicated to delivering on the promises of the AirEx smart vents, and we now have the means to strongly accelerate our growth."
Agnes Czako
Co-Founder and CEO at AirEx
Investor perspective
"Heating accounts for half of energy consumption globally, and over a quarter of total CO2 emissions. If we are to cut greenhouse gas emissions to net zero – as we must do over the next decades – we need to massively increase energy efficiency in housing. AirEx has developed a solution that is smart, simple, cost effective and easy to install – so it is no surprise to me that the company has been selected by Ofgem. Green Angel Syndicate is extremely proud and excited to be backing the highly experienced and enthusiastic AirEx team, led by Agnes, and looks forward to supporting the company in its rapid growth."
Antoine Pradayrol
Director, Green Angel Syndicate
Use of funds
- 01Fund the next phase of growth