HomeUKSwitchee Raises £5M in Funding

Switchee Raises £5M in Funding

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Switchee, a London, UK-based social housing technology provider, raised £5m in funding.

Backers included Octopus Ventures, and existing investor AXA IM Alts.  

This announcement follows Switchee securing in May 2023 a £6.5 million investment financing led by AXA IM Alts. 

Led by Tom Robins, Chief Executive Officer, and Adam Fudakowski, Founder and Executive Director, Switchee provides tens of thousands of high-tech devices to over 130 social housing providers, helping keep homes warm, safe and sustainable for residents. This includes helping identify and prevent mould in homes, lowering heating bills, and improving communications between residents and providers through a two-way platform. 

This new investment will further accelerate the company’s growth. Switchee will continue to serve housing providers with advancements which will also be made in its Trusted Installer Network.

FinSMEs

12/07/2024

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