Snugg raises £1.2m to revolutionise home energy efficiency

Snugg has raised £1.2 million in our first seed funding round!

We'll use the money to speed up the development of our platform which makes improving home energy efficiency simpler and more affordable.

With some of Europe's oldest housing stock and 21% of UK CO2 emissions coming from residential homes,* improving the energy efficiency of existing buildings is critical to the UK meeting its net-zero targets.

The Snugg platform will provide energy efficiency recommendations to homeowners based on their address, working in partnership with banks, installer networks and data providers. Developed by leading digital experts, Snugg tackles the complex and fragmented home energy efficiency market by helping homeowners easily identify, finance and implement improvements to their homes. It will also link to smart meters to monitor reductions in carbon emissions. 

Snugg is part of the growing FinTech Scotland community. We're based in the Bayes Centre at the University of Edinburgh - a data hub that's home to many data and digital startups. Edinburgh is also home to some of the UK’s largest banks and financial services institutions, making the city the perfect home for Snugg.

Our co-founder and CEO, Robin Peters, says: “We’re delighted to have raised the finance we need to accelerate the development of our new platform. We’re passionate about helping homeowners across the UK and international markets tackle climate change by improving the energy efficiency of their homes. As part of the thriving Scottish Fintech community, we’re in the perfect place to forge industry partnerships and access the skills we need to deliver a unique, market-leading digital proposition. I’d like to say a big thank you to our investors for their enthusiastic support for Snugg.”

*Source: Energy Saving Trust