SenseLogix generates new seven-figure investment 

Energy business SenseLogix has charged itself with £1 million of new funding as it looks to expand its headcount.


Energy business SenseLogix has charged itself with £1 million of new funding as it looks to expand its headcount.

The North West Fund for Energy and Environmental has closed a deal with energy measurement and control products company SenseLogix through funds managed by CT Investment Partners.

SenseLogix’s £1 million Series B investment sees the previously Wales-based business move its head office to Cheshire to comply with the North West Fund’s policy of only backing local companies.

The new funding round also includes contributions from existing investors including Beringea, through the Proven VCT fund and Proven Growth & Income VCT, and Northstar Ventures, through the North East Accelerator Fund.

Beringea and Northstar led SenseLogix’s Series A round back in November 2010 when an identical figure of £1 million was raised.

The fresh funds will be used to accelerate commercialisation of the business’ EnergyLogix technology as well as strengthening its sales, technical and customer service teams.

SenseLogix has plans to increase its staff count to over 45 by 2015 as it looks to support its anticipated business growth.

Jonathan Luke, chief executive and co-founder of SenseLogix, comments, ‘Through our partnership with The North West Fund and CT Investment Partners we aim to continue our success in the emerging services sector by providing robust, intuitive and cost-effective energy management solutions for building users.

‘These new funds will also enable us to strengthen our service partner framework and support expansion into new territories.’

CT Investment Partners has previously worked with SenseLogix as part of the Carbon Trust’s Entrepreneurs Fast Track Programme.

Adam Workman, partner at CT Investment Partners and fund manager of The North West Fund for Energy and Environmental, adds, ‘With a dramatic increase in global demand for energy and a government focus on reducing carbon emissions there is a large market pull to produce more sustainable, energy saving technologies.’

Workman and SenseLogix’s sales and marketing director David Hall have been appointed to the board of the company post deal.

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for GrowthBusiness.co.uk from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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