Tewke Raises £2.6M to Revolutionize Home Efficiency with Intelligent Light Switch

Deal News | Nov 20, 2024 | UK Tech Funding

Tewke Raises £2.6M to Revolutionize Home Efficiency with Intelligent Light Switch

Tewke, a London-based climate tech start-up, has successfully raised £2.6 million in its seed funding round, exceeding the initial target of £1 million. The funding, supported in part by the UK Net Zero Pre-Commercialisation Support Fund, will enable the development of Tewke's intelligent light switch, Tap. Designed to optimize energy use without compromising on comfort, Tap is a touchscreen light switch that operates without the need for rewiring or smart bulbs. Tewke aims to address the UK's energy wastage, which amounts to £4 billion annually, by making homes more eco-friendly and secure. With a proprietary platform, Tewke plans to expand its market reach, enhance its software team, and further develop its neuro-symbolic AI for energy optimization. The company, founded in 2020, has already received accolades such as the Red Dot Award for Design and the Housing Digital Innovation Award. Looking ahead, Tewke is preparing to showcase its technology at the CES 2025 in Las Vegas, aiming to lay the foundation for future smart grids.

Sectors

  • Climate Tech
  • Smart Home

Geography

  • United Kingdom – Tewke is based in London and the funding was supported by UK initiatives, highlighting the company's UK roots and operations.
  • United States – The article mentions Tewke's future plans to present at CES 2025 in Las Vegas, indicating an interest in the US market.

Industry

  • Climate Tech – Tewke operates in the climate tech industry, focusing on technologies to enhance energy efficiency and address global energy consumption challenges.
  • Smart Home – The article discusses Tewke's development of intelligent home devices, such as the Tap light switch, which are part of the evolving smart home sector.

Financials

  • £2.6 million – The amount raised by Tewke in its seed funding round, exceeding its initial target of £1 million.

Participants

NameRoleTypeDescription
TewkeTarget CompanyCompanyA London-based climate tech startup focused on creating intelligent home devices to improve energy efficiency.
Piers DaniellFounderPersonFounder of Tewke, contributing to the company's vision of improving home energy efficiency.
UK Net Zero Pre-Commercialisation Support FundFunding SourceGovernmentA funding body supporting innovative projects aiming to reach net-zero emissions in the UK.