# Sunamp

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

- Industry: Energy Storage & Batteries
- Headquarters: UK
- Website: www.sunamp.com
- Total disclosed funding: $11M
- Latest round: Series A (Aug 10, 2020)
- Investors on record: 7

## About

Sunamp Ltd. focuses on innovative thermal energy storage solutions, offering systems designed to enhance energy efficiency for heating, cooling, and hot water applications across various sectors.Sunamp Ltd. specializes in thermal energy storage systems, founded in 2006 in the UK. The company was co-founded by Susan Bissell and is currently led by CEO Andrew Bissell. In November 2022, Sunamp raised GBP 9.25 million in GRANT funding from UK Government Investments, contributing to a total of GBP 4.50 million raised over 11 funding rounds. The firm’s headquarters is located in East Lothian, Scotland.Sunamp designs and manufactures compact thermal energy storage solutions, focusing on efficient hot water, heating, and cooling systems. Their primary products include the Thermino thermal storage system for residential applications, the Central Bank heating system, and the Permafrost cooling system. These offerings are targeted toward public housing, commercial, and industrial sectors, promoting reduced fossil fuel reliance and optimized renewable energy usage, serving clients particularly in Europe and North America, including recent expansions into New York and Zurich.In the most recent fiscal year 2023, Sunamp reported a revenue of GBP 10,638,056 with an EBITDA of GBP -2,868,842. The company generates revenue through sales of its thermal storage products via partnerships with installers and direct transactions with clients in the residential and commercial sectors.Sunamp plans to utilize the GBP 9.25 million in GRANT funding raised in November 2022 to support potential new product developments and market expansion. The company aims to design innovative solutions to enhance their product portfolio and plans to target additional geographic markets, aiming for a stronger presence in North America and other regions by 2024.

## Funding rounds

- Series A, Aug 10, 2020, $5.9M — Aurus, Scottish Enterprise
- Seed, Nov 19, 2018, $2.8M — PXN Group, Equity Gap, Osaka Gas, Scottish Enterprise
- Series B, Jul 1, 2015, $2M — PXN Group, Highland Venture Capital, Old College Capital, Equity Gap, Scottish Enterprise

## Investors

- PXN Group (https://capitalatlas.ai/funds/pxn-group) — Series B, Seed
- Highland Venture Capital — Series B
- Old College Capital (https://capitalatlas.ai/funds/old-college-capital) — Series B
- Equity Gap (https://capitalatlas.ai/funds/equity-gap) — Series B, Seed
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Series B, Seed, Series A
- Osaka Gas — Seed
- Aurus (https://capitalatlas.ai/funds/aurus) — Series A