Grid Edge
AI software optimizing commercial building energy consumption.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | £2.8m | Seed | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 27 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Grid Edge, a spin-out from Aston University founded in 2017, provides AI-driven energy management solutions for commercial buildings. The company was founded by Dan Wright, Jim Scott, and Thomas Anderson, who met at the university. Their cloud-based software uses predictive machine-learning and data analytics to help businesses reduce energy costs and carbon emissions. The platform integrates with existing building management systems, meters, and sensors, and analyzes this data alongside weather forecasts and energy tariffs to optimize energy loads automatically.
The company operates on a Software-as-a-Service (SaaS) business model, charging clients a fixed monthly subscription fee. This approach allows building operators to access the technology without significant upfront capital expenditure. Grid Edge serves clients such as the Bull Ring shopping center and London's Royal Opera House. The company aims to empower energy consumers to intelligently control their energy use, manage volatility in power prices, and unlock potential revenue from flexible energy assets.
Grid Edge has secured a total of $6.53 million in funding over four rounds. Its latest Series A round in April 2025 raised £2.8 million (€3.3 million), led by Mercia Ventures and the Midlands Engine Investment Fund, with participation from investors like Centrica and BP Ventures. This funding is intended to support customer acquisition, platform development, and team expansion, with plans to create 15 new jobs. The company has demonstrated significant growth, with a 150% increase in annual recurring revenue in the last year and plans to expand the number of locations using its technology from 120 to 400.
Keywords: AI energy management, commercial buildings, energy optimization, net-zero buildings, smart grid, SaaS, energy efficiency, carbon reduction, predictive analytics, machine learning, building automation, energy data analytics, cleantech, proptech, flexible energy, energy cost savings, Aston University spin-out, utility management, smart buildings, demand response