About Switchd
Switchd is a company based in London (United Kingdom) founded in 2017 by Thomas Rogers and Llewellyn Kinch.. Switchd has raised $2.24 million across 3 funding rounds from investors including Crowdcube, Nationwide and Inspired Energy. The company has 11 employees as of October 31, 2021. Switchd offers products and services including Auto Switching Service and Subscription Plans. Switchd operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 31 Oct, 2021
- Founders Thomas Rogers, Llewellyn Kinch
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Sectors
Business ServicesEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Switchd Ltd
- Date of Incorporation 03 Oct, 2016
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.24 M (USD)
in 3 rounds
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Latest Funding Round
$1.6 M (USD), Seed
Nov 29, 2021
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Investors
Crowdcube
& 8 more
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Employee Count
11
as on Oct 31, 2021
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Products & Services of Switchd
Switchd offers a comprehensive portfolio of products and services, including Auto Switching Service and Subscription Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automatically finds and switches users to better energy deals.
Offers various plans for access to deals and support options.
Unlock access to complete
Funding Insights of Switchd
Switchd has successfully raised a total of $2.24M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.6 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.6M
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First Round
First Round
(11 Feb 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - Switchd | Valuation | Low Carbon Innovation Fund , Inspired Energy | |
| Oct, 2019 | Amount | Seed - Switchd | Valuation | Nationwide |
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| Feb, 2019 | Amount | Angel Round - Switchd | Valuation | Greg Marsh , Demetrios Zoppos |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Switchd
Switchd has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Crowdcube, Nationwide and Inspired Energy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Turquoise is engaged in financial advisory and investment for climate technologies.
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Founded Year | Domain | Location | |
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Nationwide Building Society is engaged in providing banking and financial services.
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Founded Year | Domain | Location | |
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Consultancy services in renewable energy and efficiency are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Switchd
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Switchd
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Switchd Comparisons
Competitors of Switchd
Switchd operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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Provider of smart thermostats for commercial and residential applications
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Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Switchd
When was Switchd founded?
Switchd was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Switchd located?
Switchd is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Switchd?
Llewellyn Kinch is the current CEO of Switchd. They have also founded this company.
Is Switchd a funded company?
Switchd is a funded company, having raised a total of $2.24M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $645.08K, raised on Feb 11, 2019.
How many employees does Switchd have?
As of Oct 31, 2021, the latest employee count at Switchd is 11.
What does Switchd do?
Switchd was founded in 2017 in London, United Kingdom, as a provider of SaaS solutions in the energy sector. Automatic switching to lower electricity tariffs is facilitated through an algorithm that evaluates meter type, regional factors, and usage patterns. Operations focus on simplifying utility management for consumers across the UK market.
Who are the top competitors of Switchd?
Switchd's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Switchd offer?
Switchd offers Auto Switching Service and Subscription Plans.
Who are Switchd's investors?
Switchd has 9 investors. Key investors include Crowdcube, Nationwide, Inspired Energy, Turquoise, and Greg Marsh.
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