13 September 2023

Q-Bot secures £3.5m from investors including EMV Capital to fuel international growth

The financing round was led by EMV Capital alongside Wealth Club and Adjuvo to support expansion in the UK, Europe and the US.

£3.5M

Q-Bot develops robotics and automated solutions for the built environment, specialising in underfloor insulation. The firm operates a robot-as-a-service model supported by a network of installation partners.

Q-Bot has secured over £3.5m in a new funding round led by EMV Capital, alongside contributions from Wealth Club and Adjuvo. The company will direct the capital towards expanding its commercial footprint in the United Kingdom, continental Europe and the United States.

The investment follows a period of robust commercial performance, marked by a 60 percent revenue increase over the preceding year and ongoing installations across hundreds of homes monthly. Leadership at Q-Bot has recently been solidified with the confirmation of John Kennedy as chief executive.

The financing underscores growing recognition for retrofit technologies aimed at meeting national net zero carbon targets. Independent evaluations indicate that the firm's robotic insulation methods deliver significant reductions in domestic heat loss and running costs.

From the founder

"With this latest tranche of funding, the welcome endorsement that we have from our investors and the UK Government, the energy efficiency commitments in the UK and overseas, and the public sector funding available to do this, Q-Bot has a strong platform to become a major, mainstream player within the retrofit sector and insulation market."

John Kennedy

Chief Executive at Q-Bot

Investor perspective

"We are pleased to see Q-Bot close out this important fundraising. The company continues to make strong progress in scaling sales with its innovative use of robotics and artificial intelligence in the Construction Technology industry, and in particular in the retrofit home insulation market. We look forward to seeing its continued success as it scales beyond the UK market, with a focus on market entry in the US and EU."