GridDuck raises over £300k in seed funding led by Veridian Ventures to expand its energy management platform.
The seed round was led by Veridian Ventures to support UK market growth.
GridDuck provides energy management technology combining software and hardware to help businesses monitor and reduce their energy consumption.
GridDuck has secured over £300k in a seed round led by Veridian Ventures. The company provides an integrated software and hardware platform that allows small and medium businesses to manage energy usage and reduce environmental impact.
Founded in 2019, the firm has already signed up 50 paying client sites across the UK. The new capital will be used to scale its market presence domestically and prepare for future international expansion.
The investment arrives as firms increasingly look for affordable cloud-based building management systems to control appliances remotely via a single dashboard.
Investor perspective
"We are very excited to be supporting GridDuck on its journey of growth. We find their value proposition compelling, their platform impressive and scalable and believe they can develop into a real game-changer for how businesses manage their energy consumption and environmental impact"
Dan Schonfeld
Partner, Veridian Ventures
Use of funds
- 01Expand into international markets
Investors
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About the company
GridDuck
GridDuck provides hardware and software for business energy management.