Boldr, a London-based climate tech startup developing home energy management tools, has raised $1.2m (£980,000).
Founded in 2022, Boldr retrofits home heating and cooling systems with energy-saving products that can be managed by its software platform.
Users can control heating, ventilation and air condition systems of any make. Boldr said customers will also eventually be able to manage home energy use in devices such as electric vehicles, solar panels and home batteries.
The company said it has already shipped over 6,000 units across Europe and North America and has forecasted revenues of $2m (£1.6m).
The funding round came from Ada Ventures, FP Solutions VC, Techstars, Focal and Norrsken.
“Boldr can meaningfully accelerate the green transition by making connected households a part of the solution and by providing the much-needed stability to the energy grids,” said Matt Penneycard, co-founding partner of Ada Ventures.
Lewis Hong from FP Solutions VC said that Boldr could be the “Apple of home energy”. Hong added: “Not only is Boldr already profitable as it’s selling both physical products and software, but it’s also a really sticky solution because it works with existing heating systems.”
Angel investors in the startup include Octopus Electric Vehicles CEO Fiona Howarth, LOVEFiLM co-founder Simon Franks.
Boldr co-founder and CEO Madi Ablyazov said the investor list “shows the scale of our ambition” and that with the additional funding, the company is “launching new products and building an energy operating system to make households a solution to the stability of the green energy grids”.
