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measurable.energy
measurable.energy helps businesses reduce energy costs and carbon emissions by up to 50% through its patented AI-powered smart socket technology.
Initially targeting the construction, retail and commercial real estate sectors, the company is experiencing increasing demand from public sector organisations, hospitality, university campuses and medical facilities.
Over 23,000 sockets have been sold to 60+ customers, including Kier, Balfour Beatty, Fullers, Sainsbury’s, Tortilla Group and the NHS.
On the back of 7x annual revenue growth, £5.5m is being raised to convert a £1.5m qualified six-month sales pipeline and develop products to enter the US and European markets. £4.4m of this round has already been secured from distinguished co-investors, including Vertex Ventures (a subsidiary of Temasek, the Singaporean sovereign wealth fund).
Illumion
The team at Cambridge spinout Illumion are set to transform battery materials R&D with their patented charge photometry technology – making it 10x faster and 100x cheaper than the next best state-of-the-art method, whilst driving the global shift to sustainable energy.
Efficient energy storage is key to decarbonising the global economy, yet developing new battery chemistries remains slow and expensive. Current research methods, substantially unchanged for 50 years, mean it can take up to a decade to bring new materials to market.
Illumion’s solution, the IllumionONE, is a compact, desktop-sized device – like a home office printer for battery R&D. Using a breakthrough microscopy technique, it delivers critical performance insights faster and at a fraction of the cost of current state-of-the-art methods.
With £2.1m already invested from leading VCs, Illumion is now raising the final £400k in its Seed round to convert a £3.6m sales pipeline, fund key hires and advance product development.
To find out more, please get in touch with Becky Hodges (Head of Business Development) or take a look at the Growthdeck website:
Email: rebecca.hodges@growthdeck.com
Telephone: 0800 302 9444