ICON secures £1m investment for award winning CleanTech company Senselogix.
The round has been led by private equity firm, Beringea, and regional equity company, NorthStar Ventures. The round also includes a Single Investment Fund (SIF) grant 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.
SenseLogix is an award winning company who provide retrofit energy reduction solutions for the workplace and education environments. The solution, “EnergyLogix”, retrofits into the buildings existing electrical infrastructure to manage electrical items including IT and appliances, in order to eliminate electrical waste. The system also provides user level information to help engage energy users and improve user behaviour.
SenseLogix won the award in 2010 for the Best Innovation in Green Products or Services at the prestigious Innovation and Sustainability Awards, which are held at the Energy Solutions Expo in Olympia, London.
“ICON led discussions with a wealth of international financial and trade investors, negotiated the transaction and delivered a superb deal. Many thanks for guiding us through, the funding you secured will have a transformational impact on our business.”
Jonathan Luke, CEO, Senselogix