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N

Nesta

Other

Innovation charity that backed the tech start-up.

Portfolio

9

companies

Investment by month

By category

  • CleanTech£24.3M
  • EnergyTech£14.2M
  • HealthTech£4.0M
  • Hardware£3.0M
  • Marketplace£500K

By location

  • Oxford£21.2M
  • Bristol£10.2M
  • London£8.0M
  • Southampton£3.0M
  • United Kingdom£2.6M
  • Other£950K

Portfolio companies

AirEx

AirEx

AirEx produces smart ventilation technology designed to reduce domestic energy consumption.

A

Anaphite

Anaphite develops techniques for integrating graphene into lithium-ion batteries.

C

Crowdfunder

Crowdfunder operates a rewards-based crowdfunding platform in the UK.

E

Electron

Electron develops marketplace software for flexibility and distributed electricity networks.

F

Furbnow

Furbnow provides an end-to-end platform for home decarbonisation and energy efficiency improvements.

M

Mixergy

Smart hot water storage and home energy solutions provider.

View all 9 companies

Team

AH

Alex Hook

Senior Investment Director at Nesta Impact Investments

Alex brings investment experience from roles at Nesta and Frog Capital.

LinkedIn
MS

Matt Seden

Chief Strategy Officer

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.

LinkedIn
Leo Chandler

Leo Chandler

Investment Manager

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.

LinkedIn

Recent investments

£2.1M

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."
— Joe McMullen, COO
Other
£12.0M

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?"
— Pete Armstrong, CEO and co-founder
Series A
$13.7M

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."
— Craig Douglas, Principal
Seed

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
Pre-Seed
£950K

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,"
— Becky Lane, CEO