UK-based tech company measurable.energy has raised £4 million to accelerate its growth in both the UK and international markets. The company, known for its AI-powered plug sockets, helps businesses reduce electricity costs and carbon emissions by up to 50%. This latest investment round was co-led by Vertex Exploratory Fund, a subsidiary of Singapore‘s Temasek Holdings, and Clean Growth Fund. The funds will support measurable.energy’s rapid expansion ahead of its planned Series B fundraising in 2025.
Global investors back UK innovation
This investment marks the first time Vertex Exploratory Fund has backed a UK clean tech firm, with a focus on helping measurable.energy expand into international markets, particularly in South East Asia. The partnership with Vertex strengthens the company’s global presence, positioning it for growth in key regions.
Clean Growth Fund, which made its initial investment in measurable.energy in January 2023, continues its commitment by co-leading this funding round. Other notable investors include Bonheur ASA/Fred Olsen, The RO Group, Vectr7, and Roger Ferguson, a former Vice-Chair of the US Federal Reserve and economic adviser to President Barack Obama. Ferguson, who joined measurable.energy as an investor in 2023, also serves on the board of Alphabet Inc. and will support the company’s expansion into the US.
Cutting down energy waste with AI technology
measurable.energy’s smart plug socket combines hardware with AI-driven software to address the issue of energy waste from small office devices. These devices, often left plugged in and running when not in use, contribute to significant energy losses. In offices, plug power can account for up to 40% of electricity use, with half of it wasted. measurable.energy’s technology effectively cuts down this unnecessary energy consumption, helping businesses reduce both costs and carbon emissions.
The company initially targeted the construction and commercial real estate sectors but has seen growing interest from public sector organisations, hospitals, universities, and the hospitality industry. Clients such as Balfour Beatty Vinci, Morgan Sindall, and PKF Francis Clark have already adopted the solution, driving measurable.energy’s revenue growth more than tenfold since early 2023.
Strong leadership and future ambitions
The company has strengthened its leadership with recent appointments, including Karen Bach as Chair and Dave Wardell as Chief Commercial Officer. Co-founder Dan Williams continues to serve as CEO, guiding measurable.energy toward global energy efficiency leadership.
Jonathan Tudor, Investment Partner at Clean Growth Fund, expressed satisfaction with the company’s progress, stating: “Clean Growth Fund has been delighted with measurable.energy’s growth over the past 18 months. With the support of CGF, Vertex and their other investors, the company is in a strong position to win business overseas, in particular within SE Asia, the USA and Europe.”
Shang-Wei Chow, Managing Director of Vertex Exploratory Fund, shared his thoughts on the partnership: “measurable.energy stood out as one of the most promising startups in the UK in the climate space, offering a low-touch, intuitive, and compliance-ready solution that effectively reduces power waste. The Vertex Exploratory Fund is proud to partner with them on this journey.”
Dan Williams, co-founder and CEO of measurable.energy, said, “We are grateful for the continued support of our current investors and are excited to welcome Vertex as a new partner during this pivotal time in our growth journey. This investment reflects the confidence in our proven AI-powered technology, which has already made a real impact for businesses across the UK. As we look to the future, we are excited to build on this momentum and pursue our ambitious goals to enhance energy efficiency on a global scale. This is an exciting time for our team, and we’re ready to lead the change in energy management.”
