Fusion Corporate Partners

SenseLogix, a provider of retrofit energy reduction products, has secured a 1M series A investment round led by international venture capital firm, Beringea and regional equity company, North Star Equity Investment Partners. The series A funding round contains a mixture of private and public funding and was completed to accelerate company growth and support new technology developments.

The round also included support from the Welsh Assembly Government, which is directly linked to the creation of new jobs. SenseLogix plans to create more than 12 new jobs over the next 12 months.

Jonathan Luke, SenseLogix’s Chief Executive Officer, says: We are delighted to announce that to build upon recent successes the company has closed a series A investment round to accelerate company growth and support future technology developments. It is exciting times at the company, following our successful launch at SustainabilityLive earlier this year, our recent award win, and our securing a product partnership with Marshall Tufflex for a range of pre-wired, SenseLogix powered cable management solutions.

Luke continued: What is extremely encouraging is that the investment has been completed in difficult economic market conditions, which is a testament to our technology and business model. We have seen strong early stage market traction from both end users and service partners, and we are confident our technology will provide good energy savings to end users and assist our service partners in providing enhanced, low carbon energy services to their clients.

The investment round will see the appointment of Stuart Veale, Managing Partner, Beringea, as a non-executive board member.

UK, Conwy, North Wales

According to Private Equity Wire, Carbon reduction agency Climate Energy Holdings has acquired Solutions 4 Energy, a UK-based energy funding and project management provider.

Climate Energy says the acquisition will allow it to create a more robust business in order to weather future changes in funding availability and improve its geographical reach.

Climate Energy managing director Andrew Holmes says: “We are delighted to be purchasing a business which has at its core, a responsibility to reduce carbon emissions. We saw this as an opportunity to further consolidate our position in a very exciting but volatile sector. This acquisition positions our group to deliver a wider range of funding and services and will ensure that our customer base will be rewarded by the increased resources.”

Climate Energy was supported by Climate Change Capital Private Equity in a management buy out in July 2009.

Like Climate Energy, Solutions 4 Energy is an organisation delivering a range of services to engage householders, businesses and communities in environmental and social improvement. Operating nationally across Great Britain, Solutions 4 Energy provides funding and project management services to social housing providers and contractors for the delivery of energy related projects.

Terry Bentley, director of Solutions 4 Energy, says: “Our company has been developing and delivering energy efficiency projects for various initiatives including the current CERT programme. We have assisted with the energy efficiency improvement of thousands of homes in the UK and our funding services have enabled us to locate and deliver the most beneficial funding available to clients. We are very proud of our accomplishments and are delighted to have investment from a company which understands our business and market.”
UK, Essex & Suffolk