Switchee

company

About

Data analytics and IoT business serving large social landlords

  • 11 - 50

Details

Last Funding Type
Pre-seed
Last Funding Money Raised
£60K
Industries
Analytics,Consumer Electronics,Energy Efficiency,Property Management,SaaS,Software
Founded date
Jan 1, 2014
Number Of Employee
11 - 50
Operating Status
Active

Switchee was founded out of INSEAD business school in 2015 and is headquartered in London. It is now the market leader in social housing IoT, servicing many of the largest housing associations in the UK.

The company helps large residential landlords to better manage their property portfolio, using technology to identify maintenance issues, reduce fuel bills and improve communication with residents. For every £1 invested in Switchee services, the landlord saves £2 and puts £2 back into the pocket of their resident.

Switchee has reimagined the way landlords interact with residents and manage their homes. Their services ensure that landlords have the information they need to eliminate fuel poverty, damp and mould as well as heating & ventilation failures.

Switchee is primarily a software and insights business, but to access this real-time data, they reinvented a ubiquitous household object – the thermostat. They have created an internet connected product that reduces energy bills, acts as a two-way communication platform with the resident and collects environmental data that drives an insights engine, landlord dashboard and API.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
£1.84M
Switchee has raised a total of £1.84M in funding over 2 rounds. Their latest funding was raised on Jun 6, 2018 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 6, 2018 Series A £1.30M 1 Detail
Jan 10, 2017 Seed £480K 1 Detail
May 2, 2015 Pre-seed £60K 1 Seedrs Detail

Investors

Number of Lead Investors
Number of Investors
1
3
Switchee is funded by 3 investors. Seedrs and AU Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Seedrs Yes Pre-seed
AU Capital Series A
INSEADAlum Ventures Seed