Mixergy Secures £12 Million in Expansion Drive with Barclays Backing
Deal News | Mar 04, 2025 | Top Technology Ventures Ltd
Mixergy, a leader in smart hot water storage solutions, has secured £12 million in a funding round led by Barclays Climate Ventures. This investment aims to facilitate Mixergy's transition toward a technology licensing and strategic partnership model, targeting new builds, social housing retrofits, and commercial properties. Existing investors such as Oxford Sciences Enterprises and EDP Ventures also participated in the round. Mixergy plans to expand its R&D capabilities to further improve its hardware and software solutions, addressing the evolving needs of social housing providers, property developers, and energy utilities. The firm’s technology, known for reducing home energy consumption, has been a game-changer in the UK’s move towards full electrification. Through strategic collaborations, including Daikin and Birmingham City Council, and endorsements from entities like British Gas, Mixergy is poised for its next growth phase. Barclays' involvement underscores its commitment to supporting the UK's energy transition.
Sectors
- Technology
- Energy
- Investment
Geography
- United Kingdom – Mixergy is based in the UK, and the initiative discussed focuses on the UK’s energy transition, involving local partners and government endorsements.
Industry
- Technology – Mixergy operates in the technology sector, specifically focusing on smart home energy solutions and innovations in energy storage and optimization.
- Energy – The article discusses Mixergy's role in improving energy efficiency and grid capacity, positioning it within the energy sector.
- Investment – This article involves a significant funding round led by Barclays Climate Ventures, making it relevant to the investment sector.
Financials
- £12 Million – This is the amount of funding Mixergy secured in the investment round led by Barclays.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mixergy | Target Company | Company | A tech company specializing in smart hot water storage and home energy solutions. |
| Barclays | Lead Investor | Company | A major global financial services provider, leading this funding round through its Climate Ventures arm. |
| Oxford Sciences Enterprises | Existing Shareholder | Company | An investment firm focused on commercializing scientific research from Oxford University. |
| Kiko Ventures / IP Group plc | Existing Shareholder | Company | An investment company specializing in partnering with innovators to accelerate progress in clean energy. |
| Nesta | Existing Shareholder | Charity | An innovation foundation contributing to efforts for social change through technology. |
| EDP Ventures | Existing Shareholder | Company | A venture capital firm investing in scalable and sustainable energy solutions. |
| David Tuohy | Executive Chair | Person | Newly appointed Executive Chair of Mixergy, marking a new phase of growth. |
| James Ferrier | Director | Person | Director of Barclays Climate Ventures, supporting Mixergy’s strategic growth through investment. |
| Pete Armstrong | CEO and Co-founder | Person | CEO and co-founder of Mixergy, guiding the company towards energy-efficient solutions. |