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Heatio, based in Liverpool, UK, develops a smart home energy platform that provides real-time energy insights and optimizes the usage of low-carbon technologies such as solar panels, heat pumps, EV chargers, and batteries. Its Heatio Flexx platform leverages AI and machine learning to help homeowners save money, reduce grid reliance, and lower environmental impact, additionally supporting virtual power plants for accessible clean energy. The company recently secured £2 million in an oversubscribed investment round led by Ascension, with prior funding including £50,000 from Baltic Ventures and £100,000 from LYVA Labs. This capital is earmarked for team expansion and the launch of Heatio Flexx version 2. Other notable investors include Conduit Connect and Syndicate Room. Heatio was founded in 2022 by Simon Roberts and Thomas Farquhar.
Heatio has raised $3.0M across 1 funding round.
Heatio has raised $3.0M in total across 1 funding round.
Heatio has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $3M Seed | — | Ascension Ventures (uk), Trucks Venture Capital | Announced |
Heatio has raised $3.0M in total across 1 funding round.
Heatio's investors include Ascension Ventures (UK), Trucks Venture Capital.
Heatio is a UK-based cleantech company founded in 2022 in Liverpool, specializing in data-driven energy solutions for residential properties to accelerate low-carbon technology adoption.[1][2][3] It builds a smart home energy management platform that analyzes smart meter data via tools like SMETERS for heat pump optimization, offers an Energy as a Service (EaaS) subscription model for heat pumps, solar PV, and batteries, and provides real-time insights, carbon monitoring, and net-zero roadmaps.[1][2][3] Serving homeowners and partners like E.ON Energy Solutions and Perenna Bank, Heatio solves accessibility barriers to clean energy by using AI and machine learning to personalize advice, cut installation surveys, verify savings, and reduce grid reliance—driving efficiency and environmental impact.[1][2][3] The company shows strong growth momentum, securing £2 million in an oversubscribed 2024 funding round led by Ascension with co-investors including Conduit Connect and Syndicate Room, plus winning Equity-Backed Startup of the Year.[2]
Heatio was founded in 2022 by Simon Roberts (CEO) and Thomas Farquhar, drawing on their 20+ years of hands-on experience installing, designing, and maintaining heat pumps, solar, and battery systems—which gave them deep insight into real-world pain points like inefficient surveys and adoption hurdles.[2][3] The idea emerged from this expertise, evolving into a platform that turns home energy data into actionable decisions, starting with tools like Heat Pump Ready for branded customer journeys and the Heatio Business Hub for lead tracking.[3] Early traction included partnerships with energy firms and banks, plus the 2024 funding win that validated their model amid rising UK demand for retrofitting.[1][2]
Heatio stands out in cleantech through its focus on data transparency and seamless integration:
Heatio rides the UK's net-zero push, aligning with mandates for heat pump rollout and energy efficiency retrofits amid rising energy costs and climate goals.[1][2] Timing is ideal post-2022 energy crisis, with government incentives for low-carbon homes amplifying demand for data-driven solutions that bridge financial and technical gaps.[1][3] Market forces like smart meter proliferation and AI advancements favor Heatio's platform, which collaborates with utilities and banks to scale adoption—reducing grid strain and influencing the ecosystem by standardizing energy data for installers and homeowners.[1][2][3] As cleantech matures, Heatio exemplifies how domain expertise meets proptech to democratize green transitions.
Heatio is poised for expansion with its £2M war chest, likely scaling EaaS nationally and enhancing AI for broader HEMS (Home Energy Management Systems) features like predictive retrofitting.[2][3] Trends in AI cleantech, EV integration, and policy-driven decarbonization will propel growth, potentially drawing more utility partnerships or exports to EU markets. Its influence could evolve from startup innovator to ecosystem enabler, standardizing data platforms that make low-carbon homes the norm—building on its accessibility edge to lead the residential energy shift.[1][2]
