Series A · IoT & Sensors · London, United Kingdom · Founded 2015 · 100–110 employees
Switchee develops smart thermostats and IoT devices specifically for social housing providers to improve resident quality of life. The company's technology helps reduce heating bills by up to 17% while identifying signs of condensation, damp and mould to prevent health issues. Founded in 2015, Switchee has achieved impressive growth with revenues doubling year-on-year for three consecutive years and serves over 130 social housing providers. The company recently raised £5 million in 2024 from Octopus Ventures and AXA IM Alts to expand to 1 million UK social homes, following a £6.5 million Series A round in May 2023.