London-Based Glowb Secures £1.2M To Offer Clean, Smart Energy For Homeowners
Jun 28, 2023•about 2 years ago
Amount Raised
£1.2 Million
Round Type
seed
Investors
Volta CircleVoyagers Climate Tech FundActive PartnersAda Ventures
Description
Now, Glowb has raised £1.2 million in the first funding round in a bid to become the UK’s most trusted and people-centric solar brand. Mission-driven VC firm Ada Ventures led a funding round oversubscribed by 80%. Other participants in the round include consumer-focused investment firm Active Partners and early-stage sustainability investors – Voyagers Climate-Tech Fund and Volta Circle, in addition to angel investors.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers