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London-Based Glowb Secures £1.2M To Offer Clean, Smart Energy For Homeowners

Jun 28, 2023about 2 years ago

Amount Raised

£1.2 Million

Round Type

seed

LondonSolarRenewable EnergyEnergy

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. 

Company Information

Company

Glowb

Location

London, Ontario, Canada

About

The transition to cleaner, smarter home energy should be easy and straightforward for all UK homeowners. Our vision is to be the most trusted and most people-centred solar business in the UK. Glowb is on a mission to make light work of solar - bringing trust, financial accessibility and simplification to customers, accelerating the UK transition to cleaner and more self-sufficient home energy management.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers