One Planet Capital looks for high-impact technologies that can move the needle on the net-zero transition.
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."
The funding round was led by Science Creates Ventures and Green Angel Syndicate to support manufacturing pilots.
"This landmark investment enables Kelpi to scale up our pioneering work using seaweed to create bioplastic packaging with the barrier properties required by clients"
