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Nusku raises £1M, including £700,000 from the UK government to develop innovative heat pump technology

May 01, 2024over 1 year ago

Amount Raised

£1 Million

Round Type

seed

Bristol

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.

Company Information

Company

Nusku

Location

Bristol, England, United Kingdom

About

Nusku is a Bristol-based climate tech company that focuses on heat pump technology. The company is supported by the University of the West of England and is founded by Russell Murchie, a former Dyson engineer.

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