The Bayes Entrepreneurship Fund is a £10m venture capital fund based at Bayes Business School in London. It provides equity growth investments and board-level support to innovative, high-potential businesses.
The funding round was supported by Vectr7 Investment Partners and existing shareholders alongside the Innovate UK Investor Partnerships Programme.
"This funding allows us to move faster with our growth plans and support the development of new products. Our goal is to provide a simple solution for landlords and homeowners to reduce energy use. We are pleased to have the continued support of our investors as we work to make homes warmer and healthier for residents."
The funding will be used to build out the technology offering and expand the sales footprint.
"Manipulation of the information environment is fundamental to the economic, political and security disruption going on around us. Having partners who understood the scale of the problem has been crucial. Now with BEF onboard, we have the support we need to go from understanding to solving – at scale."
The climate tech company added backing from Bayes Entrepreneurship Fund, One Planet Capital and Cell Capital to complete a £4.1m total Series A round.
"Impact is at the core of what we do at AirEx: to help the decarbonisation of homes and eliminate Fuel Poverty. With the help of this investment and business support we are well positioned to execute our vision – to become a ‘no brainer’ solution for social landlords and homeowners looking to reduce energy consumption in a non-disruptive way. We are truly excited to have the support of such like-minded, mission driven investors."
The funding round was co-led by Bayes Entrepreneurship Fund, Juno Capital and The FSE Group.
"We’re very excited to announcethis new funding as we embark on a significant new stage of our growth plans. Toreceive backing from such reputable and experienced investors is a huge testamentto our vision, technology and team. We strongly believe our automated business-centric approach to controlling data access and sharing is the only way thatenterprises can truly control access to their data. With this funding, we are trulysolving the ‘who has access to what’ problem, on a global scale."