Matt serves as deputy chief executive at Nesta, following strategy and operating roles within the organisation. He also holds non-executive and trustee positions at Furbnow and Fabrica.
Leo co-founded Rubi and acts as a consultant for Mercor, following investment roles at Nesta. He previously worked as a venture capital and early-stage investor across climate tech, health, edtech, and the future of work.
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 round will support the company transition to a technology licensing model and expand research capabilities.
"This investment accelerates our ability to develop scalable solutions for our technology partners, helping them navigate the changing global energy landscape. With Barclays’ support, we can bring our technology into more homes and buildings in the UK through a broader range of channels while improving the grid’s capacity to integrate renewable energy. Why pay windfarms to shut down when we can pay households to switch on?"
The round was co-led by World Fund and Maniv to expand the company production and research capabilities.
"Anaphite’s unique technology and smart, tenacious, market-savvy team are set to disrupt the global EV market. Their technology is genuinely market-leading, and will help the world transition to an eco-mobility future. The team has already made breakthroughs in lithium-ion battery production, and their technology will be applicable to a wide range of new battery technologies, including sodium-ion and solid state. Anaphite has the potential for exponential growth, and we at World Fund are proud to be supporting them as they grow."
Helen Ventures led the seed round with participation from international investors to fund European expansion and product development.
"It is our privilege to join the Renewabl team in their impressive growth story. Consuming clean electricity that matches on an hourly or 15-minute basis is fast becoming an imperative for net-zero-aligned companies – with good reason – whereas tracking and procuring this energy is a challenge,"
— Mikael Myllymäki, Vice President and Head of Helen Ventures
SFC Capital led the pre-seed round, which will help Furbnow expand its supplier network for home energy upgrades.
"Everyone deserves a warm, comfortable home without costly bills and yet 11.7 million homes sit at the D energy rating or less. Sadly, energy efficiency has been the poor relation to the low-carbon technologies that grab headlines. But if your home is cold and draughty, no amount of Co2 savings is going to be better for you. We’re building Furbnow to be the go-to platform for homeowners who want advice and support as they plan and install low carbon technologies and energy efficiency elements in homes,"