Six-figure sum for energy saving company

Domia, a developer of devices that cut the power to electrical appliances when they are not in use, has received an investment of £409,000.


Domia, a developer of devices that cut the power to electrical appliances when they are not in use, has received an investment of £409,000.

Domia, a developer of devices that cut the power to electrical appliances when they are not in use, has received an investment of £409,000.

The Oxford Investment Opportunity Network (OION), an organisation of business angel investors, contributed £106,000 to the round. This was matched by £106,000 from Bank of Scotland, which has a co-investment arrangement with OION.

The remainder of the funding came from existing investors in Domia, including the company’s MD Darryl Mattocks.

The company, whose consumer-targeted products are available from a number of high-street retailers, will use the funding to develop its business offerings.

Domia is the owner of the Bye Bye Standby range of power-saving devices. Its core product connects between a wall socket and an appliance, and allows power to the appliance to be turned off by remote control.

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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