What is sunamp.co.uk?
Sunamp designs and produces innovative heat batteries that efficiently store energy from renewable and other sources, releasing it as heat when needed. This technology offers a more cost-effective and efficient alternative to conventional heating systems. Originating from a collaboration with the University of Edinburgh's Department of Chemistry in 2010, Sunamp's UniQ range of heat batteries utilizes phase change materials to create commercially viable products aimed at reducing carbon emissions and fuel bills. The technology has already been deployed in thousands of homes across the UK and is expanding into European and Chinese markets, demonstrating its global applicability in residential, commercial, industrial, and automotive sectors.
How much funding has sunamp.co.uk raised?
sunamp.co.uk has raised a total of $12.4M across 3 funding rounds:
Series B
$1.9M
Private Equity
$4.6M
Series A
$5.9M
Series B (2015): $1.9M with participation from Equity Gap and Par Equity
Private Equity (2016): $4.6M led by Highland Venture Capital, Equity Gap, Par Equity, and Old College Capital
Series A (2020): $5.9M supported by Aurus Capital and The Scottish Investment Bank
Key Investors in sunamp.co.uk
Aurus Capital
Aurus Capital is a venture investment firm focused on Spanish-speaking Latin America, investing in technology and life sciences companies with global vision and strong execution capabilities.
The Scottish Investment Bank
The Scottish Investment Bank is a key financial institution supporting businesses in Scotland, likely providing strategic capital and resources to foster growth and innovation within the region.
Equity Gap
Equity Gap is a Scottish investment firm that backs high-growth, early-stage businesses across various sectors, offering funding and support to emerging companies.
What's next for sunamp.co.uk?
The recent major strategic investment, contextualized as enterprise-level funding, signals Sunamp's transition into a scaling phase. This capital infusion is expected to accelerate market penetration, further product development, and potentially expand manufacturing capabilities. The company's focus on sustainable energy solutions positions it favorably within a market increasingly driven by environmental concerns and the need for efficient energy management. Future growth will likely involve solidifying its presence in existing markets and exploring new international opportunities, leveraging its patented heat battery technology.
See full sunamp.co.uk company page
