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Access EIS investments for May 2024
In May we added two new startups to the Access EIS portfolio, investing alongside super angels in each case (for more on our super angels, and our co-investment model, see our dedicated page. Find out more about our fund, Access EIS, or read about our new portfolio companies below.
Heatio is creating a dynamic, low-carbon energy system that allows users to connect, monitor and control their home energy resources with nex-gen smart technology. Its main product – Heatio Flexx – combines in-home data, AI and machine learning to give users complete visibility of their home energy usage and make recommendations to improve energy efficiency. To date, Heatio’s innovative solution to the energy crisis has allowed it to secure £1.2 million in government contracts and pilot an initiative to connect 5000 properties to its Virtual Power Plant.
Our angel partner in the round has a weighted annual growth rate of 49% and their previous investments include Clinova, Power Roll and Move.ai.
Total Round: £2,000,000.
Stage Pre-revenue.
Upscore lets consumers boost their credit score to access better deals. In addition, the Finance Passport™ feature allows consumers to take their data abroad (currently Spain) and enjoy similar financial benefits.
Our angel partner in the round has an IRR of 35%, and their previous investments include Evotix, Bank of Telecom & Thoughtonomy.
Total Round: £500,000.
Stage Pre-revenue.
