UK startup secures extra £5m for its rented home technology

2 months ago 27

Switchee hopes to use funds to hit goal of preventing cold and damp in social housing properties

A British startup which uses technology to prevent renters from living in cold, damp homes has raised fresh funds to expand as landlords belatedly try to tackle outbreaks of mould in crumbling social housing.

Switchee has secured £5m, split equally between an existing investor, AXA IM Alts, and Octopus Ventures, part of the group which includes household gas and electricity supplier Octopus Energy.

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