Grid Edge raised £2.8 million in a funding round led by Mercia Ventures. The funding will be used to expand its customer base and develop its AI software for energy cost reduction.
Amount Raised
£2.8 Million
Round Type
Seed
BirminghamSoftwareArtificial IntelligenceInvestors
Description
Grid Edge has secured £2.8 million from investors including Mercia Ventures and the Midlands Engine Investment Fund II. The funding will support the development of its AI-powered software that helps reduce energy costs and carbon emissions in commercial buildings. Grid Edge plans to create 15 new jobs and expand its platform's capabilities. The company aims to increase its annual recurring revenue significantly over the next two years.
Quick answer
Grid Edge raised £2.8 Million in a Seed round, dated April 3, 2025. Investors: Midlands Engine Investment Fund II, Centrica, Bp Ventures and Mercia Ventures. Grid Edge is based in Birmingham, England, United Kingdom.
- How much did Grid Edge raise?
- Grid Edge raised £2.8 Million in a Seed round on April 3, 2025.
- Who invested in Grid Edge?
- Midlands Engine Investment Fund II, Centrica, Bp Ventures and Mercia Ventures are named as investors in this round.
- What does Grid Edge do?
- Grid Edge is a Birmingham-based software company that utilizes AI-powered software to help reduce carbon emissions and energy costs in commercial buildings.
- Where is Grid Edge based and how big is it?
- Grid Edge is based in Birmingham, England, United Kingdom. Fundz records about 32 employees.
- Who are the decision-makers at Grid Edge?
- Fundz holds 1 contact at Grid Edge. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software and Artificial Intelligence around the same time
Companies in the same sectors as Grid Edge that raised within 45 days of this round, from Fundz verified event records.
- Cursor raised an undisclosed amount (Funding Round) on April 21, 2025.
- Instead raised $5M on May 15, 2025.
- Left Main REI raised an undisclosed amount (Seed) on May 15, 2025.
- Samaya AI raised $44M (Funding Round) on May 15, 2025.
- Plakar raised $3M (Seed) on May 15, 2025.
- Soopra AI raised $1M (Pre-Seed) on May 14, 2025.
Who to call at Grid Edge, and when
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- An alert the day Grid Edge raises, hires an executive or expands, scored against what you sell
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- Who you already know at Grid Edge, from your own LinkedIn network
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