Seed10 February 2026

xWatts secures £1.6m in seed funding led by Cambridge Enterprise Ventures to accelerate European expansion

The London-based energy management platform raised the capital from Cambridge Enterprise Ventures, Cambridge Angels, Parkwalk, and R42 to scale its product development.

£1.6MSeed

Share allotment filed at Companies House

An intelligent energy management platform that directly connects to on-site systems to automate reductions in energy waste for complex estates.

London-based energy management platform xWatts has secured £1.6m in seed funding to accelerate product development and expand its footprint across Europe. The round was led by Cambridge Enterprise Ventures, with participation from Cambridge Angels, Parkwalk, and R42. Founded in 2022, the company provides automated optimisation for complex estates such as hospitals and university campuses, typically delivering significant energy and cost savings.

The fresh capital will enable the firm to scale its operations within healthcare, higher education, and industrial sectors. xWatts distinguishes itself from passive monitoring dashboards by integrating directly with on-site infrastructure, including HVAC units and solar arrays, to execute real-time adjustments.

From the founder

"Our mission is straightforward but ambitious: to decarbonise the world’s most complex real estate in a way that is intelligent, automated and scalable. We don’t just tell you what to do, we do it for you. This funding allows us to double down on the growth and product investment needed to compete at scale."

Yigit Akar

CEO and Co-Founder at xWatts

Investor perspective

"xWatts’s AI-driven energy management platform for commercial buildings not only taps into a large market opportunity, but importantly, provides a path to net zero whilst driving meaningful cost reductions for asset owners. Cambridge Enterprise Ventures is proud to support the company as lead investor."

Christine Martin

Head of Ventures at Cambridge Enterprise, Cambridge Enterprise