A smart home energy supplier has raised over £600,000 through the equity crowdfunding platform, Seedrs.
In an announcement this week, Igloo – which helps customers manage the cost of their consumption by combining smart technology with actionable advice – confirmed that it had raised £606,918 from more than 512 investors across 26 countries.
Commenting on the announcement, Co-founder and CEO Matt Clemow said Igloo will use the funds to further develop the capabilities of its smart technology and expand its customer offering.
“From the funding from BEIS and Innovate, to being shortlisted for the World’s Best Energy Challenger Brand at CHARGE, 2018 was a fantastic year for Igloo, capped off by the success of this Seedrs round.
“We look forward to bring all existing and new investors on the journey to see what 2019 has in store.”
Seedrs is just one of many platforms that have benefited from a boom in alternative finance. The platform was the first equity crowdfunding website to receive regulatory approval from the Financial Conduct Authority (FCA) in May 2012, and has since grown massively in popularity.
Named as one of “East London’s 20 Hottest Startups” in 2017, the website allows investors across the UK to access campaigns, invest in ideas and create a diversified portfolio of investments.
This makes raising finance for entrepreneurs simpler and quicker, as a large pool of investors are readily available to invest in your vision.
If you’re an early stage start-up and would like to look at funding options, please get in touch. We have the experience required to lead entrepreneurs through the investment process, from Seed funding rounds to public grants and more.