Maven Equity Finance has invested £580k into a Cheshire proptech company aiming to reduce energy consumption.
Intelligent Building Group (IBG) has created a suite of smart hardware and software products which capture energy usage data, to reduce energy consumption in commercial, industry and residential buildings.
It plans to use the money to invest in its regional teams, including sales and marketing operations.
“Delivering smart, connected, efficient and secure buildings is an essential factor in achieving ambitious net zero targets,” said John Leutton, CEO of IBG.
“It is a very exciting time for IBG as a specialist consultant, installer and partner to many leading businesses as we continue to advise them on their journey to net zero in the built environment.”
The company’s software controls the physical onsite hardware in buildings and sends the data to the IBG-Cloud for real-time analysis, control and management.
“With an ever-increasing focus on ESG [Environmental, Social and Governance], IBG’s product offering will help building owners and operators to significantly reduce their energy use and support the drive to achieve net zero carbon buildings. John is an experienced CEO and we look forward to working with him and the team, to help drive the business forward,” added Dean Cox, Senior Investment Manager at Maven.
