SaveMoneyCutCarbon, a Bury St Edmunds, UK-based provider of a money-saving and sustainability platform, received a £5M investment.
IW Capital is an existing investor alongside Barclays Sustainable Impact Capital. The two have been joined by new parties including the Low Carbon Initiative Fund 2 (LCIF2) and Dominic Christian.
The company intends to use the funds to grow its growth profile and development efforts.
Led by CEO Mark Sait, SaveMoneyCutCarbon provides a platform and services that make it easy for businesses and consumers to reduce energy, water, carbon and plastic in the workplace and in the home with tools and support for every step of their sustainability journey. The company offers education, advice and project delivery, utilising an extensive range of sustainable products and services tailored to the needs of each customer segment.
Through its range of services and products, SaveMoneyCutCarbon provides solutions for businesses and consumers to reduce energy, water, carbon and plastic. The company aggregates proven products and utilises its own sophisticated measurement tools to supply and install various technologies to customers such as solar, EV, LED, and sustainable washroom solutions, which help businesses to reduce their bills and be more sustainable. Providing and installing the right product has seen the business consult, design and deliver over 1000 major audit, energy, water & carbon reduction projects across all types of organisations from schools and hospitals to hotels, warehouses, and offices. The company’s measurement tool, the Impact Statement, tracks customers’ positive environmental impact and financial savings for every product sold or installed.
FinSMEs
17/05/2023