
enModus
closedEnabling the monitoring, control and internet connectivity of any device that is mains powered.
Date | Investors | Amount | Round |
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- | investor | €0.0 | round |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor | €0.0 | round | |
£3.0m | Series A | ||
Total Funding | 000k |
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Founded in 2010 by Andy Heaton and Phil Young, enModus developed technologies for smart building control and energy management. The company was headquartered in Chepstow, United Kingdom. Heaton, serving as CEO, and Young, as CTO, guided the company's focus on creating solutions for monitoring and controlling devices powered by a building's main electrical system.
enModus' core offering was a powerline communications technology called Wattwave, which enabled the retrofitting of hardware for home and building energy management. This system was designed to monitor and control individual appliances to reduce power consumption. For commercial clients, the firm provided a cloud-based platform for smart light control (SLC) and building energy management (BEM), allowing building owners to oversee and diminish power usage. This platform offered services such as lighting control, energy monitoring, and compliance services.
The company's business model was B2B, targeting sectors like manufacturing and energy. Its client roster included notable names such as Volvo. To fuel its growth, enModus secured a total of $7.97 million in funding over three rounds from investors including SETsquared, Breed Reply, Finance Wales, and intu, a major UK shopping center owner. A significant Series A funding round in 2017 raised £3 million, intended to accelerate expansion across Europe and other global markets. According to PitchBook, the company later entered into bankruptcy administration in August 2019. The official website, enmodus.com, now operates as an online casino information site.
Keywords: enModus, smart building technology, energy management, powerline communications, Wattwave, smart light control, building energy management, B2B, energy efficiency, IoT, Andy Heaton, Phil Young, SETsquared, Breed Reply, Finance Wales, intu, Volvo, smart building products, energy monitoring, cloud platform