Equiwatt raises £700k from Mercia Ventures and the North East Venture Fund to roll out a new SaaS platform.
The energy management firm has secured £700k from Mercia Ventures and the North East Venture Fund to launch its new software platform.
£700KGrowth
An energy management firm providing a consumer application and platform that rewards users for reducing electricity usage during peak periods.
Equiwatt has secured £700k in new funding led by the North East Venture Fund and Mercia Ventures, alongside private investors. The capital will support the company as it rolls out a fresh software platform aimed at utility providers and low carbon technology manufacturers. This latest injection follows a period of rapid customer acquisition and revenue growth for the energy management business.
Use of funds
- 01Continue product development
- 02Expand into international markets
