Troo raises £300k from Mercia and private investors to expand its team and platform
The pre-series a round was backed by the North East Venture Fund and private investors.
Troo operates a business energy comparison service designed to help firms save money on utility bills. The company offers a transparent fixed price model alongside its Troo Assure service.
Troo has secured £300k in pre-series a funding from the North East Venture Fund, managed by Mercia, alongside private investors. The capital will be allocated towards platform development, team expansion, and the launch of the Troo Assure service.
This investment follows a previous £500k injection from Mercia in October last year. Troo was founded in 2018 with the aim of bringing transparency to the business energy broker market.
From the founder
"We are delighted at the continued support from Mercia and the North East Fund."
Andrew Richardson
Founder at Troo
Investor perspective
"Troo provides businesses with clarity and support when choosing an energy supplier."
Jan Oosthuizen
Mercia
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Troo
Troo provides a business energy comparison service to help companies reduce their utility bills.