Grid Edge, a Birmingham, UK-based company specializing in AI-driven energy optimization for commercial buildings, has raised over £2.8 million in funding.
Investors
The round was from Mercia Ventures, investing through the Midlands Engine Investment Fund II and its own EIS funds, alongside Centrica, bp Ventures, and private investors.
Mercia Ventures is a UK venture capital firm that invests in early-stage and scale-up businesses, offering capital and strategic support. It focuses on sectors like life sciences, software, and logistics, with investments ranging from £1 million to £10 million.
Grid Edge Use of Funds
The investment will enable Grid Edge to onboard more customers, further develop its platform, and expand its team by hiring 15 new employees in sales, customer support, and technical roles.
About Grid Edge
Founded in 2016, Grid Edge focused on helping businesses optimize their energy consumption. By leveraging AI and data analytics, Grid Edge AI-powered software enables commercial buildings to reduce energy costs, cut carbon emissions, and improve overall energy efficiency. Its platform integrates data from various sources, including meters, sensors, weather feeds, and energy tariffs. Grid Edge clients include Bull Ring shopping center, London’s Royal Opera House, and major facilities management firms.
Funding Details
Company: Grid Edge Limited
Raised: £2.8M
Round: Unknown
Funding Date: April 2025
Lead Investor: Mercia Ventures
Additional Investors: Midlands Engine Investment Fund II, Centrica, bp Ventures, private investors
Company Website: https://gridedge.ai/
Software Category: AI-Energy Management
Source: https://www.mercia.co.uk/grid-edge-raises-2-8m-for-ai-software-that-helps-cut-energy-costs/