X

Search for investments, events, articles and research...

  FULLY FUNDED

Switchee

Smart thermometer for landlords and tenants in social housing or student accommodation.

The first B2B smart thermostat designed for social housing. The company fights fuel poverty and provides landlords with remote
analytics designed to help reduce asset management costs and enhance repair outcomes. Launched in late 2015, the company is moving from a phase of successful commercial pilots into its first full volume roll‐outs. 24 existing clients with over 1,400 units sold into a client base owning more than 430,000 homes. The current client base represents an opportunity to scale and the team have invested in sales and marketing to win new accounts.

The company believes it has two hardware features that differentiate it from B2C competitor products:

  • GSM connectivity: with Wi‐Fi penetration under 10% in some markets, this is the only large‐scale solution deployable independent of domestic Wi-Fi.
  • Passive / ‘Fit and Forget’: Works even if residents choose not to engage, a frequent problem for landlords in some target demographic segments.

Company Website
http://switchee.co/

Sector

Environment / Clean Tech

Target Raise

£1m

Minimum Investment

£250K

Stage of Business

Established Growth

Expected to qualify for EIS

Yes

Transaction Structure

Private Equity

Target Close Date

2018

Source

WHIreland Team

Send Me More Information