Veridian Ventures leads a £300k+ seed round in GridDuck

Investors in this round: Veridian Ventures, Evenlode, Seedrs

London-based Angel Syndicate, Veridian Ventures, have successfully led the recent fundraising of a seed investment of over £300,000 in GridDuck, a pioneer EnergyTech venture. GridDuck provides an innovative solution to energy management by integrating both software and hardware into a unique platform that allows businesses to reduce both energy costs and negative environmental impact.

Veridian Ventures Partner Dan Schonfeld commented: “We are very excited to be supporting GridDuck on its journey of growth. We find their value proposition compelling, their platform impressive and scalable and believe they can develop into a real game-changer for how businesses manage their energy consumption and environmental impact”.

The investment comes at a critical time for the energy sector, as companies are increasingly looking to leverage technology to minimize both their spend and their environmental footprint. GridDuck offers a cloud-based BMS solution that is affordable to medium and small businesses and can remotely control hundreds of appliances via one easy-to-access dashboard. Griduck enables its customers to measure, control and automate their appliances’ energy usage by utilising IOT technology and providing a superior and flexible alternative to traditional and expensive facilities energy management systems.

Despite only launching commercial operations in 2019, GridDuck has already shown rapid growth, securing 50 paying client sites in the UK with many more in the pipeline. GridDuck is on its way to becoming a key player in the energy management ecosystem in the UK.

The capital raise will enable GridDuck to continue expanding their UK market share, and in the long term look to leverage its universal solution to expand into other markets.

About Veridian Ventures

Veridian Ventures is an angel investor syndicate, focusing on innovative early-stage ventures with strong growth and value-creation potential. A key goal at Veridian Ventures is for the partners to challenge and support ambitious and talented entrepreneurs, helping them to turn their potential into real results.

https://www.veridianventures.co.uk/about

For more on GridDuck

https://gridduck.com/?gclid=Cj0KCQjw0caCBhCIARIsAGAfuMxb8-ua2Xp4-ayjChCavmSgSWLCCJGN4ddOcAt93g9Nv-6gbkXYQhsaAsddEALw_wcB.