Series A7 December 2021

Grid Edge secures £2m Series A follow-on funding from bp ventures, Goldacre and Aston University to scale operations.

The cleantech start-up will use the capital to expand its team, develop new products and reach more customers.

£2.0MSeries A

Grid Edge develops artificial intelligence software that optimises energy consumption and reduces carbon emissions for commercial buildings. Its platform integrates data from multiple sources to automate operational recommendations for property managers.

Cleantech start-up Grid Edge has secured £2m in a Series A follow-on funding round. The investment was backed by bp ventures, Goldacre, and Aston University, and will support the company as it expands its team, develops new products, and reaches new customers over the coming months.

The fresh capital arrives as businesses face mounting pressure to address environmental impact, particularly given that commercial spaces account for a significant share of global carbon emissions. Grid Edge plans to use the resources to scale its operations and build on existing partnerships with major property firms and institutions.

From the founder

"This funding round further strengthens our collaboration with bp, Goldacre and Aston University, who have shown equal ambitions in accelerating the growth of Grid Edge. Optimising energy demand to reach net zero is now an essential requirement for businesses. We are proud to provide many leading companies with predictive AI technology to reduce energy consumption and save money."

Tom Anderson

Energy specialist and founder at Grid Edge

Investor perspective

"We saw the huge potential in Grid Edge back in 2019 and wanted to help support the business in scaling up and expanding its service delivery. Now more than ever optimal energy management is an essential demand of businesses and consumers and so by leveraging smarter digital technologies, we can significantly reduce carbon emissions whilst making buildings more energy efficient. We look forward to supporting the Grid Edge team as they enter this exciting new business phase."

David Bloom

Founding Partner, Goldacre