Guru Systems secures £2m from Maven Capital Partners to expand product development and sales capability.
Maven Capital Partners led the seed follow-on round to support product development and sales growth.
Guru Systems provides hardware, software, and analytics solutions that help energy companies and developers monitor heat networks and reduce carbon emissions. Its technology offers data visibility across domestic heating systems to improve efficiency and lower costs.
Guru Systems has secured £2m in seed follow-on funding from Maven Capital Partners to scale its operations. The capital will be directed towards expanding sales and marketing resources, alongside developing and launching new hardware and software products tailored for heat networks and related markets.
Domestic heating remains a significant contributor to carbon emissions, and low-carbon heat networks are viewed as a vital component of the UK strategy to reach net-zero targets. Guru Systems provides IoT hardware and AI-driven analytics that give operators complete oversight of heat networks, helping to identify performance issues and reduce energy waste.
The latest transaction marks Maven Capital Partners' sixth VCT-funded deal of the year. The investment firm will continue to back the London-based technology supplier as demand grows for transparent and cost-effective residential heating solutions.
From the founder
"Maven’s investment in Guru Systems enables us to capitalise on the significant growth of low carbon heating in the UK and beyond. Our technology supports both the digitalisation and decarbonisation of heat, two of the biggest challenges we face in the transition to a net-zero emissions future. For our clients, the housing associations, local authorities and private developers who build and manage residential developments, our technology allows them to make their energy systems more transparent, lower cost and lower carbon. We’re delighted to be working with Maven as we look to grow the team and accelerate our revenue growth."
Casey Cole
CEO at Guru Systems
Investor perspective
"Guru represents an exciting opportunity for our VCTs to invest in a trusted supplier of carbon saving IoT technology. As a major contributor to greenhouse gas emissions, residential heating presents one of the greatest challenges in global and UK efforts to achieve net-zero emission. Heat networks have a major role to play but, like standalone domestic boilers, they can be hampered by inefficiency. This makes Guru’s sophisticated monitoring and AI-driven analytics technology very attractive to developers and operators as they strive to build efficient and cost-effective heating systems. We look forward to supporting the Guru team and helping them fulfil their growth aspirations."
David Milroy
Partner, Maven Capital Partners
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
Investors
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About the company
Guru Systems
Guru Systems builds intelligent monitoring technology to make energy systems more efficient and lower carbon.