Furbnow Raises £950K in Pre-Seed Round

Furbnow, a UK climate-tech startup, raised £950k in a Pre-Seed investment round. SFC Capital led the round, joined by Norrsken Accelerator and angel investor Daniel Luhde-Thompson. The investment also features a grant from Innovate UK’s Future Economy. The latest investment will help expand their supplier network to support customers with insulation, ventilation, new energy generation, and low-carbon heating installations in their homes.

Worldwide, about 20% of carbon emissions come from homes. In the UK, there’s a need to upgrade two homes every minute to reach the Net Zero target by 2050. Presently, 97% of homes are considered inefficient and not prepared for Net Zero goals. Furbnow addresses the gap by providing support to homeowners with older, less energy-efficient homes who want to make eco-friendly changes.

The company aims to retrofit one million homes by 2030, simplifying the entire home energy improvement process. They utilize digital twins technology to virtually test various carbon-cutting options, such as solar panels and insulation, helping homeowners identify the best solutions. They manage the entire process, connecting customers with green tech providers and promoting the growth of green jobs. Becky Lane, an energy efficiency expert, and Laurence Watson, a serial climate tech entrepreneur and data scientist, founded Furbnow.

Becky Lane, co-founder and CEO of Furbnow, said in a statement:

“Everyone deserves a warm, comfortable home without costly bills, yet 11.7 million homes sit at the D energy rating or less. Sadly, energy efficiency has been the poor relation to the low-carbon technologies that grab headlines. But if your home is cold and draughty, no amount of Co2 savings is going to be better for you. We’re building Furnow as the go-to platform for homeowners who want advice and support as they plan and install low carbon technologies and energy efficiency elements in homes.”