Series A10 January 2023

measurable.energy secures £4.5m Series A funding led by Clean Growth Fund to expand operations

Clean Growth Fund led the financing round alongside backers including Vectr7 Investment Partners and MMC Ventures to support research and recruitment.

£4.5MSeries A

Measurable Energy designs and manufactures AI powered plug sockets that help offices cut electricity waste and carbon emissions. Its technology automatically identifies idle devices and halts unnecessary power consumption.

Reading and London based tech start-up measurable.energy has secured £4.5m in Series A funding to support research and development alongside team expansion. The round was led by Clean Growth Fund, which contributed £2.5m, with additional participation from Vectr7 Investment Partners, RO Capital Partners, and MMC Ventures. Existing backer Bonheur ASA also participated in the financing.

The company develops intelligent power sockets equipped with machine learning capabilities designed to identify and eliminate idle energy consumption in commercial properties. With businesses facing heightened energy costs and strict environmental targets, the fresh capital will allow the firm to scale its operations and prepare for an entry into the residential market.

From the founder

"Our technology offers a simple solution for office occupiers who are under pressure to take action and cut energy costs and reduce emissions. Our solution can pay back financially within two years and allows business customers to reduce their electricity bills by at least 20%."

Dan Williams

CEO at measurable.energy

Investor perspective

"The combination of measurable.energy’s hardware and machine-learning is delivering spectacular results – energy saving, carbon saving and commercial sales."

Jonathan Tudor

Investment Partner, Clean Growth Fund