Sunamp, the technology company that is fundamentally improving energy storage for heating and hot water in homes and businesses, is on track to disrupt the 40 million unit a year global market for hot water cylinders after securing £2.2m in funding.
The late seed round included further participation from Scottish Investment Bank, Equity Gap, PAR Equity and a number of new investors including Japanese energy utility Osaka Gas. This round completes the seed investment stage, positioning the company well to raise a ‘series A’ round early next year. The company plans to use the funds towards expansion of its international footprint and further scaling its operations.
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