Fundz

Switchee raises £5m in a private equity round to prevent mould and lower heating bills in UK social housing

PRIVATEJul 10, 2024

Amount Raised

£5 Million

Round Type

Private Equity

LondonReal Estate

Investors

Octopus VenturesAxa Im Alts

Description

Switchee, a housing technology provider, has raised an additional £5m in a private equity round. The company aims to prevent mould, lower heating bills, and improve communication between tenants and landlords in UK social housing.

Quick answer

Switchee raised £5 Million in a Private Equity round, dated July 10, 2024. Investors: Octopus Ventures and Axa Im Alts. Switchee is based in London, England, United Kingdom.

How much did Switchee raise?
Switchee raised £5 Million in a Private Equity round on July 10, 2024.
Who invested in Switchee?
Octopus Ventures and Axa Im Alts are named as investors in this round.
What does Switchee do?
Switchee improves the quality of life for people living in rented homes.
Where is Switchee based and how big is it?
Switchee is based in London, England, United Kingdom. Fundz records about 94 employees.
Who are the decision-makers at Switchee?
Fundz holds 1 contact at Switchee. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Real Estate around the same time

Companies in the same sectors as Switchee that raised within 45 days of this round, from Fundz verified event records.

  • Optiml raised $4M (Pre-Seed) on August 21, 2024.
  • IRT raised $150M (Debt Financing) on August 20, 2024.
  • Eversource Energy raised $89M (Grant) on August 19, 2024.
  • PROBIS raised an undisclosed amount (Series A) on August 17, 2024.
  • Andes STR raised $4M (Funding Round) on August 16, 2024.
  • Setpoint raised $31M (Series B) on August 13, 2024.

Who to call at Switchee, and when

A new round usually means Switchee is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Switchee raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Switchee, from your own LinkedIn network

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Company Information

Company

Switchee

Location

London, England, United Kingdom

About

Switchee improves the quality of life for people living in rented homes. Switchee delivers real-time data that gives social housing providers the insights and tools needed to support residents and proactively manage homes. These actionable insights enable our customers to optimise energy efficiency, reduce costs, and improve resident satisfaction. With a Switchee device installed, residents optimise energy use, lower heating bills by 17% and reduce energy consumption – future proofing homes and driving towards Net Zero. With more than 120 clients across the UK and abroad, our technology is tried and tested with social housing providers.

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Switchee raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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