The Green Angel Syndicate and US-based Factor[e] Ventures have led a £1m funding round for a Manchester green tech start-up.
Enee.io is described as a fitness tracker for energy systems, with a system of plug-and-play IoT monitors, a mobile phone application and an online reporting platform.
This all monitors energy generation, storage, and consumption for homeowners and business owners.
“Our network of specialist members was impressed with enee.io’s team and technology, and their ability to bring reliable, cheaper electricity to more of the world,” explained Cam Ross, CEO of Green Angel Syndicate.
“At scale, the enee.io approach will make a substantial impact on carbon dioxide and other highly polluting greenhouse gases.”
The cash, alongside a grant from Innovate UK, will be used to further develop and scale its energy management platform. This will also see 6 new hires in the next few months, across software and operations.
“We’re extremely proud and privileged to have secured funding from both Green Angel Syndicate and Factor[e],” added David Smith, Founder & CEO at enee.io.
“Their ethos is very much aligned with ours – to improve access to renewable power, particularly for those in developing countries. Their investment alongside the grant from Innovate UK is a very positive endorsement of the enee.io team and the solution we have created. We are now very much focused on developing our system which we believe will have a significant impact on both the future of energy management in the UK and globally.”
