What is Mixergy?
Mixergy, founded in 2014 by Peter Armstrong and Ren Kang, is an innovative company addressing inefficiencies in the domestic hot water industry. The company has developed an internet-connected, smart hot water tank designed to significantly reduce energy consumption, which historically has been a major contributor to household energy waste. With a team of 17 staff and established relationships with key industry players like British Gas, Mixergy is poised to disrupt a sector characterized by limited technological advancement. Their smart tank not only optimizes energy usage but also offers value-added services to users, marking a significant step forward in home energy management.
How much funding has Mixergy raised?
Mixergy has raised a total of $28.7M across 3 funding rounds:
Other Financing Round
$2.1M
Other Financing Round
$11.3M
Other Financing Round
$15.3M
Other Financing Round (2019): $2.1M with participation from Williams Advanced Engineering and Foresight Group
Other Financing Round (2023): $11.3M led by EDP Ventures and Nesta
Other Financing Round (2025): $15.3M supported by Barclays
Key Investors in Mixergy
Williams Advanced Engineering
Williams Advanced Engineering is a technology and engineering company that provides high-performance solutions. Their involvement suggests a focus on the technical and engineering aspects of Mixergy's smart hot water tank technology.
Foresight Group
Foresight Group is a diversified conglomerate with global operations, focusing on finance, engineering, and consulting. Their investment indicates a strategic interest in Mixergy's market potential and operational scalability.
EDP Ventures
EDP Ventures is the corporate venture arm of EDP group, specializing in early-stage investments in the energy sector, particularly in disruptive technologies like smart grids and energy efficiency. Their backing highlights Mixergy's alignment with future energy solutions.
What's next for Mixergy?
The substantial enterprise-level funding and strategic investment Mixergy has attracted signal a pivotal growth phase for the company. This capital is expected to fuel further product development, market expansion, and scaling of operations. The company's focus on innovation within the energy sector positions it to capitalize on increasing consumer and regulatory demand for sustainable and efficient home technologies. Future developments will likely involve enhancing the smart capabilities of their hot water tanks and potentially exploring new service offerings that leverage their connected technology.
See full Mixergy company page
