What is Switchee?
Founded by a team of INSEAD alumni, Switchee provides a specialized smart thermostat solution tailored for the social housing sector. The company's platform integrates hardware with a sophisticated dashboard, offering social landlords real-time data and actionable insights into their housing stock. By monitoring environmental conditions and energy usage, Switchee enables landlords to proactively manage maintenance, reduce carbon footprints, and significantly lower fuel bills for tenants. This dual-value proposition—improving asset management while delivering tangible social impact—has positioned the firm as a cornerstone of the UK's sustainable housing movement.
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 Pi Labs and Seedrs
Angel/Seed (2016): $785K led by Mustard Seed Ventures and ClearlySo
Angel/Seed (2017): $585K supported by Clearly So Limited and Mustard Seed Ventures
Series A (2018): $1.7M featuring Contrarian Ventures, Fair by Design Fund, and AU Capital
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
AXA IM Alts specializes in alternative investments, aiming to generate long-term, sustainable value through a comprehensive understanding of market dynamics, with a focus on real estate equity and infrastructure.
Octopus Ventures
Octopus Ventures is a founder-focused venture capital firm backing mission-driven companies across software, climate, health, and financial technology.
Contrarian Ventures
Contrarian Ventures is a founder-first investment firm focused on climate tech, supporting entrepreneurs in Europe and Israel at the pre-seed and seed stages.
What's next for Switchee?
With this latest infusion of capital, Switchee is well-positioned to accelerate its enterprise-level expansion and deepen its technological capabilities. The company is expected to focus on scaling its deployment across larger housing portfolios, enhancing its predictive analytics engine, and potentially exploring new markets where energy efficiency and tenant welfare are top priorities. As the regulatory landscape shifts toward stricter net-zero requirements for residential properties, Switchee's data-centric approach provides a scalable framework for landlords to meet these ambitious environmental targets while maintaining operational excellence.
See full Switchee company page
