Furbnow, a Birmingham, UK-based climate-tech startup, raised £950K in Pre-Seed funding.
The round was led by SFC Capital with participation from Norrsken Accelerator, Daniel Luhde-Thompson, InnovateUK and the Nesta/Founders Factory Mission Studio.
The company intends to use the funds to support the expansion of its supplier network to support customers with insulation, ventilation, new energy generation and low-carbon heating installations in their homes.
Founded by Becky Lane (CEO) and Laurence Watson, Furbnow helps homeowners plan their home energy improvement roadmap with a home energy plan and supports the project stage with packages priced to suit every customer. The firm is developing new planning methods to provide low-cost options for the domestic market using building information and energy performance data. It will also be working closely with green finance providers and insurers to provide a full end-to-end service.
A pilot with Birmingham City Council is scheduled for early 2024 as part of the local authority’s programme to decarbonise homes in line with their 2030 Net Zero target.
Commenting on the news, Becky Lane said: “Everyone deserves a warm, comfortable home without costly bills and yet 11.7 million homes sit at the D energy rating or less. Sadly, energy efficiency has been the poor relation to the low-carbon technologies that grab headlines. But if your home is cold and draughty, no amount of Co2 savings is going to be better for you. We’re building Furnow to be the go-to platform for homeowners who want advice and support as they plan and install low carbon technologies and energy efficiency elements in homes.“
FinSMEs
11/01/2024