Komodo Energy raises £340k in pre seed funding from SFC Capital and other investors to develop grid software for heat electrification.
The pre seed round was backed by SFC Capital, Ed Stevens, Ian Marchant, and Neil Williams.
Komodo Energy is a Cambridge based software company that builds solutions for the energy grid challenges associated with the electrification of heat. The firm works with heat pump, hot water tank, and smart controller manufacturers.
Komodo Energy has secured £340k in a pre seed funding round to support its software development for heat electrification and grid management. The investment was backed by SFC Capital alongside other investors including Ed Stevens, Ian Marchant, and Neil Williams.
The Cambridge based firm is collaborating with heat pump, hot water tank, and smart controller manufacturers to build its technology. The funding will aid the team as they develop their solution for energy flexibility markets.
Early backers of the company bring experience in the energy flexibility sector, having previously supported businesses such as Electron, Piclo, and Ev Energy.
Investor perspective
"We are delighted to have found Komodo Energy- an experienced team focussing on the grid and environmental impact of the electrification of heat"
Ed Stevens
Representative, One Planet Capital
Use of funds
- 01Continue product development
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About the company
Komodo Energy
Komodo Energy provides software to manage grid challenges arising from the electrification of heat.