SetSquared Bath-affiliate Verv has secured backing from investors including Centrica as it continues the roll-out of its smart energy hub and peer-to-peer trading platform for renewable electricity.
Verv, a UK-based smart energy consumption technology developer and affiliate of the university-backed SetSquared Bath incubator, has received more than £6.5m ($8.3m) in a series A round led by a $6.4m commitment from environment-focused venture fund Earthworm.
The round also included EU-backed sustainability accelerator InnoEnergy and energy utility operator Centrica.
Founded in 2015 and operating under the trading name Green Running, Verv runs a renewable energy trading platform that exploits machine learning, peer-to-peer blockchain and crypto tokens to…
