North East firm raises £700k to reward customers for switching off energy

North East firm raises £700k to reward customers for switching off energy

A Gateshead company has raised £700,000 to reward consumers for switching off appliances at peak times.

Fifth round of Mercia & NEVF funding to light up equiwatt

A Gateshead-based company whose energy management app rewards consumers for switching off appliances at peak times has raised £700,000 to roll out a new SaaS platform. The investment in equiwatt comes from the North East Venture Funds (NEVF), supported by the European Regional Development Fund, and managed by Mercia Ventures and private investors. The funding will also enable the firm to continue its growth in the run-up to a planned Series A in…

Equiwatt powers up with £700,000 investment

An energy management company in Gateshead has secured £700,000 in new funding to accelerate its growth. Equiwatt, known for its app that rewards users for switching off appliances during peak times, plans to enhance its offering with a new SaaS platform for utility companies and low carbon tech manufacturers.  The app enables…

UK startup equiwatt raises €810K to expand its clean energy rewards platform - Silicon Canals

equiwatt is a UK-based company that offers an energy management app that rewards consumers for turning off appliances during peak times. The company has secured an additional £700K (approximately €810K) in funding from the North East Venture Fund, which is backed by the European Regional Development Fund and managed by Mercia Ventures, along with contributions from private investors. The North East Fund is a suite of five venture capital and loa…

equiwatt Raises Further £700K in Funding

equiwatt, a Gateshead, Tyne and Wear, UK based company whose energy management app rewards consumers for switching off appliances at peak times, raised a further £700k in funding. Backers included The North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and private investors. The company intends to use the funds […] The post equiwatt Raises Further £700K in Funding appeared first on FinSMEs.