Switchee
Latest round
- Series A
Last raised
- Mar 2020
Total raised
- $6M
Investors
- 9
About Switchee
Switchee Limited, established in 2015 in London, UK, specializes in developing smart thermostat technology for social housing providers. Switchee was co-founded by Adam Fudakowski and Ed Warrick, with Tom Robins currently serving as CEO.Switchee specializes in smart thermostat technology tailored for social housing providers, enhancing the quality of life for residents in rented homes. Their core product, the Switchee smart thermostat, is an internet-connected device featuring a user-friendly touchscreen interface that allows residents to manage their heating and hot water efficiently. The Switchee device incorporates various sensors to collect real-time data on light, humidity, temperature, and pressure, which is then transmitted to a secure cloud platform. This data is utilized by housing providers to gain actionable insights, addressing issues such as dampness, mould, and fuel poverty while ultimately aiming to reduce energy consumption and costs for residents.Switchee operates on a subscription-based revenue model, focusing on B2B transactions with housing providers. Clients typically engage in contracts that include the installation of Switchee smart thermostats and access to the accompanying data analytics platform, which provides ongoing insights into energy usage and property conditions. Revenue is generated through these subscription fees, along with potential partnerships for additional services like the Energy Voucher Service and Mould iQ. This structure allows Switchee to maintain a continuous relationship with clients, ensuring they receive valuable data to enhance their property management capabilities. Future growth includes the design and launch of new products aimed at improving energy efficiency in social housing, with specific timelines yet to be announced. Additionally, Switchee aims to explore expansion into new markets and regions to further its impact on social landlords and housing associations.
Who invested in Switchee
9 investors across 5 rounds
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Questions about Switchee
Who invested in Switchee?
Switchee has 9 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Switchee raised?
Switchee has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Switchee last raise money?
Switchee's most recent round on record is a Series A, in Mar 2020.
What does Switchee do?
Switchee Limited, established in 2015 in London, UK, specializes in developing smart thermostat technology for social housing providers.
Where is Switchee headquartered?
Switchee is headquartered in London, UK.
Which VCs invest in companies like Switchee?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back energy storage & batteries companies at Switchee's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Series A
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