Onzo, a London-based energy management and carbon monitoring company, raised £2 million in a fudning round led by Scottish & Southern Energy (SSE) and Sigma Capital Group
Onzo specialises in energy visualization technologies and offers energy monitoring equipment and related services through bills and the internet. Onzo partners with energy suppliers to create stronger two-way relationships between suppliers and energy users and increase customer attraction and retention, minimise cost to serve, and increase revenue per customer.
Onzo will be launching its energy display products later this year. Onzo believes its energy display products can help save consumers around a quarter of their home energy consumption.
Sigma, investing from the Sigma Sustainable Energy Fund II, and SSE have each invested £1 million. In addition, SSE has placed initial orders worth over £7 million with Onzo for the company’s energy display products and specialist data services. As part of this major order, SSE has secured exclusive rights to Onzo’s products and services covering the UK and Ireland.
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