Green Energy Options (GEO), a provider of home energy management systems, has raised £3m ($4.96m) in a round led by the Low Carbon Innovation Fund (LCIF).
The LCIF is a low-carbon investment fund from the Low Carbon Group at the University of East Anglia, managed by investment firm Turquoise International, and is supported by the European Regional Development Fund. It was joined in participation by the Berti Green Accelerator.
The Cambridge-based firm (although not a spin-out or startup of the university) provides a comprehensive in-home display which allow users to closely monitor energy use.
Patrick Caiger-Smith, chief executive at GEO, said: “The investment received through the funding round will enable us to further develop our world-leading systems. Working in conjunction with the government’s smart meter roll-out programme, we intend to help consumers get a better understanding of their energy consumption and migrate to an energy efficient home.”
