We raised £1 million investment from Green Angel Syndicate & Factor[e] Ventures!

It’s a great moment for the team at enee.io as we secure over £1 million in funding led by Green Angel Syndicate and US venture development firm Factor[e] Ventures. This funding round will help us on our mission to provide reliable power at the lowest cost to communities across the globe that face daily grid-related challenges.

Developed as a fitness tracker for energy systems, the enee.io system comprises of plug-and play IoT monitors, a mobile phone application and an online reporting platform. The system monitors energy generation, storage, and consumption. This provides homeowners and business users with information on the efficiency of the complete energy system, alerting them to any issues so corrective action can be swiftly taken, helping to reduce their energy costs.

The issues of grid power affect so many people worldwide, with an estimated 900 million people worldwide without access to any electricity. enee.io aims to help bridge that gap by reducing the cost of owning a renewable power system, making it more affordable and reliable and helping increase access for millions of people. To date, the enee.io system has been installed in 12 countries across 5 continents.

Green Angel Syndicate is the UK's largest network of specialist investors fighting climate change. Factor[e] supports early-stage entrepreneurs and aims to improve lives in the developing world through increased access to sustainable energy and related services.

Cam Ross, CEO of Green Angel Syndicate, said "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. At scale, the enee.io approach will make a substantial impact on carbon dioxide and other highly polluting greenhouse gases."

Their investment alongside a grant from Innovate UK’s Energy Catalyst 8 competition will enable enee.io to further develop and scale its energy management platform, which includes six new hires in the next six months in both software development and operations.