Heero Technologies has secured a six-figure investment from The TRICAPITAL Syndicate, Scottish Enterprise and Mint Ventures.
The Dundee-based start-up, which was launched in 2022, has developed an app aimed at guiding homeowners through the entire energy-saving retrofit journey.
Nicola Kennedy, chief executive of Heero Technologies, said: “Hitting the government’s net zero targets requires a major improvement in the energy performance of the UK’s housing stock and our technology has a leading role to play.
“Our app helps homeowners and landlords seamlessly and conveniently navigate home energy efficiency improvements via their smartphone.
“We are thrilled to welcome TRICAPITAL, Scottish Enterprise and Mint Ventures to our investor base - the combined funding from these new partners will support our determination to accelerate the adoption of energy efficiency technology and realise our vision of equipping homeowners with the knowledge and tools to make net zero homes a reality.”
Moray Martin, managing partner at lead investor TRICAPITAL, said: “There is a lot of noise currently around impact investing and the delivery of net zero, but this intuitive technology brings focus to the ‘how to’ aspect by allowing us all, as individuals, to demonstrate, identify, measure and then implement our personal contribution.”
Kerry Sharp, director of entrepreneurship and investment at Scottish Enterprise, added: “The app is an ingenious solution allowing people to access and assess green heat solutions for their homes and I will watch the company’s growth with interest as Scottish Enterprise continues to invest in purposeful, impactful and diverse businesses.”
The investment should enable the company to further develop and scale the app and website.
Of particular interest to Mint Ventures is Heero’s diverse leadership, with the company being led by a woman and having a predominantly female board.
Gillian Fleming, chief executive of Mint Ventures, said: “Inclusivity is an essential element of innovation and Heero Technologies is a perfect example of a young, ambitious, woman-led business providing much needed accessible information for consumers to manage their home energy.”
Alongside the investment, Heero also announced it has signed its first customer, a national building society, which will see the app rolled out to approximately 350,000 users.
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