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BV

Baltic Ventures

Accelerator

Portfolio

2

companies


Portfolio companies

Heatio

Heatio

Heatio develops a smart home energy platform to manage and optimise renewable technologies.

Ittybit

Ittybit

Ittybit provides APIs and AI-driven tools for managing large media files.


Team

MA

Mo Aldalou

Programme Director


Recent investments

Seed
£2.0M

Ascension led the oversubscribed seed round with backing from a syndicate of co-investors.

"Our ability to help homeowners access affordable energy via our Flexx platform and virtual power plant drives energy security and helps the UK get to a clean, green future. When we launched Heatio two years ago, our priority was to help more consumers access green technology and reduce the use of fossil fuels to decarbonise their homes. Through this investment, we are moving closer to making that a reality. We are looking forward to driving our expansion and working with industry leaders and would like to extend our appreciation to every investor for helping us get where we are today."
— Simon Roberts, CEO
Seed
£1.5M

The oversubscribed round was co-led by Mercuri and Sure Valley Ventures to expand the engineering and enterprise sales teams.

"Ittybit was created to address the pain we felt handling large videos in our previous companies. We built the media tools we wished we’d had access to, and are making them available to all developers, because robust media workflows shouldn’t be so expensive or complicated that only the largest tech companies can access them."
— Paul Williams, Founder