£700K
The energy management firm has secured £700k from Mercia Ventures and the North East Venture Fund to launch its new software platform.
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equiwatt
Equiwatt develops energy management software that incentivises consumers to reduce peak power consumption.
£1.3MTotal raised
An energy management firm providing a consumer application and platform that rewards users for reducing electricity usage during peak periods.
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Cash, assets and headcount from equiwatt's latest Companies House filing — with year-on-year movement, free with a Winfred account.
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Founders
JF
Johnson Fernandes
Founder
Investors
- £700K
- £300KMerciaFollow-on
- £300K
Funding history
£300K
The third investment from Mercia Ventures and the North East Venture Fund will support four new hires and user acquisition.
£300K
The seed round was led by Mercia with participation from angel investor Owen McFarlane.