SaveMoneyCutCarbon lands £5m in growth financing


SaveMoneyCutCarbon, a firm being labelled as the UK’s leading money-saving platform through sustainability, has scored £5m in growth funding.

Barclays Sustainable Impact Capital and IW Capital have been joined by new parties including the Low Carbon Initiative Fund 2 and Dominic Christian, global chairman of Aon’s reinsurance solutions business, and former deputy chair of Lloyds of London.

The new investment will support the company’s strong growth profile and development as it builds to achieve its vision of becoming the “one-stop shop” for sustainability.

Through its range of services and products, SaveMoneyCutCarbon claims it provides solutions for businesses and consumers to reduce energy, water, carbon and plastic.

In a fragmented market, SaveMoneyCutCarbon aggregates proven products and utilises its own sophisticated measurement tools to supply and install various technologies to customers such as Solar, EV, LED, and sustainable washroom solutions, which help businesses to reduce their bills and be more sustainable.

The company’s measurement tool, the Impact Statement, tracks customers’ positive environmental impact and financial savings for every product sold or installed.

The newly raised capital, the firm claims will help drive growth and scale opportunities for the ‘retrofit revolution’.

SaveMoneyCutCarbon CEO and founder Mark Sait said, “It is fantastic that investors continue to value the vision and mission of the growing team at SaveMoneyCutCarbon, as well as our stewardship of the business through a challenging period during the Covid lockdown.

“We are now back on track with growth across all areas of the business, positive tailwinds, and an experienced senior leadership team. We are providing measured planet positive impact, bringing together the opportunities of money saving through sustainability, delivering savings for our direct customers and now with the additional growth of our ‘Sustainability as a Service’ platform offering.”

Elsewhere in the ESG space, Green-Got, a France-based neobank that is focused on ecological transition, has recently scored €5m in a recent funding round.

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