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."
GC Angels led the pre-seed round alongside One Planet Capital and angel investors to help CRESS expand its uniform platform.
"We are joining sustainability with affordability, supporting schools to sell pre-loved uniforms through an online, customer-friendly platform. Our model helps parents save money, supports schools with vital funding, and reduces waste and carbon emissions – all whilst making sure no perfectly good uniform item goes to waste. By encouraging donations of pre-loved uniforms, we’re not only helping families, but we’re also reducing the environmental impact of school clothing waste. The UK sends thousands of school uniform items to landfill or incineration every year, but with CRESS, we can decrease this waste, provide children with books and plant trees all in one go. We’re so passionate about making a difference, and we’re really grateful to Ranvir and GC Angels for their support. By introducing us to the likes of GMCA and Carma, along with their financial investment, GC Angels is helping to propel CRESS into our next stage of growth. This will mean we can support even more schools across not only Greater Manchester, but also country wide."
The funding round was led by East Innovate to support team growth and international expansion.
"We believe that time and location-based markets for energy and flexibility are foundational to the fastest, cleanest path to Net Zero energy. But, when Electron started developing these markets six years ago, the policies, business models and technologies required to support such markets were still unclear."
The seed round was led by Insurtech Gateway with participation from One Planet Capital, the University of Surrey, and angel investors.
"We are thrilled to have secured this significant funding round, led by Insurtech Gateway. This investment not only validates the tremendous potential of Renew Risk, but it also propels us forward on our mission to help improve the financial processes key for the transition to green energy. With this support, we are now poised to accelerate our product development, expand our market reach, and continue driving innovation in the industry. We are grateful to our esteemed consortium of investors for their trust and belief in our vision and we are excited about the transformative impact we will make in the insurance industry."
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."