# PassivSystems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/passivsystems

- Industry: Environmental Services
- Headquarters: UK
- Website: www.passivsystems.com
- Total disclosed funding: $2.2M
- Latest round: Series A (Jul 17, 2009)
- Investors on record: 1

## About

PassivSystems Limited is dedicated to delivering innovative smart heating solutions designed to enhance energy efficiency and comfort in homes. Their flagship product, the Passiv Smart Thermostat, adapts heating based on real-time conditions.PassivSystems Limited, founded in 2008 in the UK, specializes in smart heating technology aimed at optimizing home heating systems. The company has undergone no notable pivots or changes in operations. PassivSystems Limited has raised a total of GBP 1.33 million in funding, with its most recent round occurring on August 12, 2011, and values the company at GBP 24.58 million. The firm has completed 3 deals in total.PassivSystems Limited specializes in smart heating solutions, primarily through its flagship offering, the Passiv Smart Thermostat. This device optimizes home heating by learning how a home heats and cools, adjusting its operation based on local weather forecasts to maintain optimal comfort. Designed to reduce heating bills by up to 30%, the thermostat also enhances energy efficiency by increasing the Coefficient of Performance (COP) of heat pumps by 17%. The product is targeted towards homeowners, installers, heat pump manufacturers, housebuilders, and social landlords who seek advanced control over heating systems, primarily marketed in the United Kingdom.For the year 2018, PassivSystems Limited reported a revenue of GBP 5,828,896.60 with an EBITDA of GBP -883,091.20. Revenue is generated through direct-to-consumer sales and partnerships with installers and heat pump manufacturers, establishing a recurring relationship with customers committed to energy efficiency and smart home technologies.In August 2011, PassivSystems Limited raised GBP 1.33 million in venture funding from undisclosed investors, with plans to utilize this capital to advance their product development efforts. The company is focusing on enhancing its existing products and is exploring expansion into new geographic markets, although specific regions and product timelines have not been disclosed.

## Funding rounds

- Series A, Jul 17, 2009, $2.2M — Alpina Partners

## Investors

- Alpina Partners (https://capitalatlas.ai/funds/alpina-partners) — Series A