In its most recent funding round, a green tech start-up in Manchester got more than £1 million in investments.
Green Angel Syndicate in London and Factor[e] in the United States led the round of funding for enee.io.
The enee.io system was made to be a fitness tracker for energy systems. It has plug-and-play IoT monitors, a mobile app, and an online reporting platform.
Green Angel Syndicate is the largest group of investors in the UK who are focused on fighting climate change.
Factor[e] helps new business owners get started and wants to improve people’s lives in the developing world by making it easier for them to get access to clean energy and other services.
Its investment and a grant from Innovate UK’s Energy Catalyst 8 competition will help enee.io improve and grow its energy management platform, which will include hiring six new people in software development and operations over the next six months.
David Smith, founder and chief executive at enee.io, said: “We’re extremely proud and privileged to have secured funding from both Green Angel Syndicate and Factor[e].
“We are now very much focused on developing our system which we believe will have a significant impact on both the future of energy management in the UK and globally.”
Cam Ross, chief executive of Green Angel Syndicate, said “Our network of specialist members was impressed with enee.io’s team and technology, and their ability to bring reliable, cheaper electricity to more of the world. At scale, the enee.io approach will make a substantial impact on carbon dioxide and other highly polluting greenhouse gases.”