Nusku raises £1M, including £700,000 from the UK government to develop innovative heat pump technology
May 01, 2024•over 1 year ago
Amount Raised
£1 Million
Round Type
seed
Investors
Department For Energy Security & Net ZeroUk Government
Description
Nusku, a climate tech company based in Bristol, has secured £1M in funding, including a £700,000 grant from the UK government. The grant will enable the product to be tested at the University of Salford’s Energy House, and the company aims to develop a more environmentally friendly solution for UK homes by reinventing heat pump technology.
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