What is Switchee?
Founded in 2015 by INSEAD alumni, Switchee provides a specialized smart thermostat solution tailored for social landlords. The platform integrates hardware with a sophisticated dashboard, offering real-time analytics and actionable insights that empower landlords to manage housing stock more effectively while simultaneously reducing fuel poverty for residents. By bridging the gap between property management and energy conservation, Switchee has established itself as a critical player in the European proptech landscape, optimizing operational efficiency for large-scale residential portfolios.
How much funding has Switchee raised?
Switchee has raised a total of $9.6M across 5 funding rounds:
Other Financing Round
$90K
Angel/Seed
$785K
Angel/Seed
$585K
Series A
$1.7M
Other Financing Round
$6.4M
Other Financing Round (2015): $90K with participation from Seedrs and Pi Labs
Angel/Seed (2016): $785K led by ClearlySo and Mustard Seed Ventures
Angel/Seed (2017): $585K supported by Mustard Seed Ventures and Clearly So Limited
Series A (2018): $1.7M featuring Fair by Design Fund, AU Capital, and Contrarian Ventures
Other Financing Round (2024): $6.4M backed by AXA IM ALTS - Real Assets and Octopus Ventures
Key Investors in Switchee
AXA IM ALTS - Real Assets
A global leader in alternative investments, AXA IM Alts focuses on sustainable value creation through real estate, infrastructure, and impact-driven financial strategies.
Octopus Ventures
A founder-focused venture capital firm that provides long-term capital and guidance to mission-driven companies across the climate, software, and fintech sectors.
ClearlySo
Europe's leading impact investment bank, specializing in connecting enterprises that deliver positive social and environmental outcomes with institutional and high-net-worth capital.
What's next for Switchee?
With this major enterprise-level funding, Switchee is well-positioned to accelerate its market expansion and enhance its proprietary technology stack. The company's strategic roadmap likely involves scaling its footprint across the social housing sector, where the demand for energy-efficient, data-backed solutions remains high. As the firm matures, it is expected to deepen its integration with smart building ecosystems, further solidifying its value proposition for landlords seeking to meet net-zero targets and improve tenant welfare through scalable, intelligent infrastructure.
See full Switchee company page
