Mixergy Secures £12 Million in Funding Led by Barclays
Deal News | Mar 04, 2025 | oxford sciences innovation
Mixergy has announced the successful closure of a £12 million funding round led by Barclays Climate Ventures, with continued support from existing investors such as Oxford Sciences Enterprises and Kiko Ventures. The investment reflects the rising demand for Mixergy's innovative technology, which aims to save up to 60% on hot water bills. The funding will enable Mixergy to transition towards a technology licensing and strategic partnership model, focusing on expanding their R&D and enhancing solutions for social housing providers, property developers, and energy utilities. Celebrated for their smart hot water solutions, Mixergy's technology facilitates grid optimization and energy savings, and has been integrated into the UK government's new Home Energy Model. With new strategic partnerships and the appointment of David Tuohy as Executive Chair, Mixergy is positioned for future growth.
Sectors
- Renewable Energy
- Technology
- Housing and Construction
- Financial Services
Geography
- United Kingdom – The focus of Mixergy's operations and innovations as well as the involvement of Barclays, a major UK bank, highlights the UK as the primary geography.
Industry
- Renewable Energy – Mixergy is developing smart energy storage solutions that integrate with renewable energy systems, supporting grid optimization and energy efficiency.
- Technology – Mixergy is focusing on technology licensing and strategic partnerships, improving smart home solutions and energy systems.
- Housing and Construction – Mixergy's solutions target social housing retrofits, commercial properties, and new builds, addressing energy efficiency in real estate.
- Financial Services – Barclays, a financial services firm, is leading the funding round to support Mixergy’s development and sector growth.
Financials
- £12 Million – The total amount raised in the funding round led by Barclays Climate Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mixergy | Target Company | Company | A company providing smart hot water solutions aimed at improving energy efficiency. |
| Barclays Climate Ventures | Leading Investor | Company | A venture arm of Barclays focused on investments in climate and energy-related technologies. |
| Oxford Sciences Enterprises | Existing Shareholder | Company | A science-driven investment firm providing backing to innovative technologies. |
| Kiko Ventures (IP Group) | Existing Shareholder | Company | An investment firm focusing on sustainable technologies. |
| Nesta | Existing Shareholder | Company | An innovation foundation investing in sustainable and social impact technologies. |
| EDP Ventures | Existing Shareholder | Company | A venture capital firm backing innovative technology companies. |
| David Tuohy | Executive Chair | Person | Recently appointed Executive Chair of Mixergy to lead the company into its next growth phase. |
| Daikin | Strategic Partner | Company | A key strategic partner for Mixergy, involved in expanding their technological reach. |
| Birmingham City Council | Strategic Partner | Government | Involved in the partnership to support social housing initiatives with Mixergy’s technology. |
| British Gas | Strategic Partner | Company | Partnering with Mixergy offering rebates to homeowners adopting Mixergy's cylinders. |