Heatio secures £2m in seed investment led by Ascension to expand its clean energy platform.
Ascension led the oversubscribed seed round with backing from a syndicate of co-investors.
Heatio provides a smart home energy platform designed to manage and optimise renewable technologies. The clean tech startup operates from Liverpool.
Liverpool clean tech startup Heatio has secured £2m in a seed round led by Ascension. The oversubscribed funding drew participation from Conduit Connect, The Syndicate Room, Baltic Ventures, LYVA Labs, and Neil Norman. The capital will support team expansion, the release of the second version of the Heatio Flexx application, and customer onboarding scaling, alongside delivering government net zero contracts with E.ON and Perenna Bank.
From the founder
"Our ability to help homeowners access affordable energy via our Flexx platform and virtual power plant drives energy security and helps the UK get to a clean, green future. When we launched Heatio two years ago, our priority was to help more consumers access green technology and reduce the use of fossil fuels to decarbonise their homes. Through this investment, we are moving closer to making that a reality. We are looking forward to driving our expansion and working with industry leaders and would like to extend our appreciation to every investor for helping us get where we are today."
Simon Roberts
CEO at Heatio
Investor perspective
"We are thrilled to be supporting Heatio in its mission to reduce energy costs and democratise access to renewable sources of energy for the home."
Jean de Fougerolles
Managing Partner, Ascension
Use of funds
- 01Grow the team
- 02Continue product development
- 03Scale operations
Investors
Jean de Fougerolles
Ascension
Alexander Shapiro
Conduit Connect
The Syndicate Room
Mo Aldalou
Baltic Ventures
Akshay Bhatnagar
LYVA Labs
Neil Norman
Neil Norman
Categories
About the company
Heatio
Heatio develops a smart home energy platform to manage and optimise renewable technologies.