xWatts is a technology company.
xWatts has raised $4.3M across 3 funding rounds.
xWatts has raised $4.3M in total across 3 funding rounds.
xWatts is a cloud-based energy management software company specializing in automating energy optimization for commercial buildings and industrial facilities to cut costs and emissions.[1][2][3] It serves large commercial real estate owners and operators facing high energy bills and ESG pressures, solving inefficient usage through AI-driven analysis of patterns, environmental data, and market conditions—delivering 25-40% savings on energy bills with positive ROI in the first month via a tiered SaaS model starting at £500/month.[1][2] At seed stage post-£1.8M pre-seed funding, xWatts shows strong growth potential in a regulatory-favored ClimateTech market, with expansion plans across UK, Europe, and Middle East.[1][2]
xWatts was incorporated on August 2, 2022, as a spinout from the University of Cambridge.[2][5] Co-founders Yigit Akar (CEO, second-time founder with prior digital-health startup raising £140K+ and MBA from Cambridge Judge Business School) and Alexander Allen (from Department of Engineering, sustainability research focus) developed the idea through university research on energy optimization.[1][2] Early traction came via £1.8M pre-seed round in 2024 from Antler, Cambridge Enterprise Ventures, Parkwalk Advisors, R42 Group, Cambridge Angels, and others, fueling software rollout.[2]
xWatts rides the ClimateTech wave targeting commercial buildings—a major emissions source—with EU/UK regulations mandating decarbonization and efficiency.[1][2] Timing aligns with soaring energy costs post-crises and net-zero mandates, amplified by AI advancements enabling precise optimization where legacy systems fail.[2][3] Market tailwinds include ESG investor demand and scalable SaaS in a fragmented energy management space; xWatts influences by proving profitable green tech, accelerating adoption in real estate and industrials.[1][4]
xWatts is primed for seed-to-Series A scaling, leveraging funding for EMEA expansion, AI enhancements, and pilot wins in high-energy facilities like power plants and CHP ops.[1][2][3] Trends like stricter carbon regs, falling AI compute costs, and renewable integration will boost demand; expect partnerships with BMS giants and 10x customer growth by 2027. As a Cambridge spinout with founder grit, xWatts exemplifies how intelligent software turns sustainability into profit—positioning it as a decarbonization leader in commercial real estate.[1][2]
xWatts has raised $4.3M in total across 3 funding rounds.
xWatts's investors include Cambridge Enterprise Ventures, Cambridge Angels group, Parkwalk Advisors, R42 Group, Antler.
xWatts has raised $4.3M across 3 funding rounds. Most recently, it raised $2.2M Seed in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 10, 2026 | $2.2M Seed | Cambridge Enterprise Ventures | Cambridge Angels group, Parkwalk Advisors, R42 Group |
| Jul 1, 2024 | $2.0M Seed | Antler | |
| Feb 1, 2023 | $150K Seed | Antler |