Ventive is delighted to announce that it has recently secured its next round of funding, as the company works towards delivering its all-in-one Heat Pump technology to homes across the United Kingdom (UK).
Ventive designs and manufactures intelligent heating and ventilation solutions to make buildings healthy, comfortable, efficient, and affordable.
investment program
The deal, led and syndicated by the deep tech and venture capital specialist EMV Capital, is an investment package provided by existing investors. The investment program will involve additional closings with new investors through to April 2024.
funding package
The funding will support the completion of the design and test phase and factory build for modular heat pumps
The wider funding package also includes ongoing non-dilutive funding from the £1.5 million DESNZ grant secured by Ventive in 2022, as well as a recently awarded £100,000 UK Government grant focused on ‘net zero HVAC’ systems.
The funding will support the completion of the design and test phase and factory build for Ventive’s modular heat pumps, further enhancements to its passive ventilation product range, and build-up of its marketing and sales capacity to drive sales of its existing products.
comprehensive solution
Ventive’s passive ventilation with heat recovery systems has been delivered to over 30 schools and five leisure centers, achieving excellent air quality results.
Its heat pump product, which is in advanced stages of development, is a comprehensive solution for residential applications, with a unique modular design and a novel thermal store. Momentum is further underpinned by significant regulatory changes, increasing energy prices, and climate change policies.
domestic heating solutions
Rob Morrison, Managing Director of Ventive, said, “The demand for more efficient domestic heating solutions has never been greater. This need has been compounded by the threat of climate change, and the current cost of living crisis, largely caused by soaring energy bills."
He adds, “We are, therefore, delighted with this first close, which will allow us to accelerate the launch of our heat pump division, and equally importantly, we welcome the continued engagement of an experienced team of active investors who have significant industry expertise.”
intelligent building services systems
Ed Hooper, EMV Capital Director and Investment Director at Ventive, stated, “EMV Capital is pleased to have Ventive in its growing investment portfolio. Ventive’s intelligent building services systems, which seek to dramatically reduce carbon emissions for homes, fit well with our focus on deep tech and sustainability companies with an ESG impact.”
