London-based xWatts, an intelligent energy management platform focused on decarbonising complex real estate assets, has announced the closing of a £1.6 million seed funding round.

Funding Details

The investment was led by Cambridge Enterprise Ventures, with participation from Cambridge Angels, Parkwalk, and R42. xWatts will use the funding to accelerate product development and support growth in key European markets, particularly within healthcare, higher education, and industrial sectors.

Technology

xWatts develops AI- and machine-learning-based technology to manage energy use across large and complex real estate portfolios. The aim is to reduce energy costs and carbon emissions while improving operational oversight of building systems. Unlike solutions that primarily analyse data, xWatts connects directly to building energy systems to model facilities in real time and automate optimisation across generation and demand, including HVAC, solar, and combined heat and power systems.

Deployments

The company's technology has been deployed across healthcare, education, and manufacturing facilities, supporting reductions in energy consumption, operating costs, and associated carbon emissions.