Switchee
Smart thermostat for affordable housing
- 21-100 employees
- B2B
- Enterprise
- Energy
- Sustainability
- Social Impact
- London, UK
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Company mission
To empower residents to reduce their energy consumption and give landlords the tools to provide exceptional homes.
Our take
Unlike most of its competition, Switchee is targeting large landlords, initially within the social housing sector. The company sells its hardware directly to landlords, who then give it to their residents for free. With this, Switchee also sells access to its landlord SaaS dashboard which aggregates sensory data from Switchee thermostats and presents housing management and welfare alerts. These data insights allow landlords to better understand and manage their large housing portfolios, and the communities they house, more efficiently.
Switchee's technology allows social landlords both tackle fuel poverty amongst their residents and as part of their social remit, and to provide a scalable technology solution for managing their properties. This includes something akin to an early warning system for common housing stock maintenance issues, such as mould, poor insulation, or a failing boiler.
Having formed in 2016, the company currently works with over 90 housing associations across the UK. Recently, Switchee won the “Vulnerable Customer Support” Award at the London Energy Efficiency Awards for its front line support service. The company takes in excess of 1100 calls a day, ranging from troubleshooting heating issues to helping residents understand eligibility for fuel vouchers or the Warm Homes Discount.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Quarterly Company Retreats - Regular overnight stays with team building and entertainment. One of our retreats a year lasts for an entire week and we typically go abroad!
- Work From Home Equipment - We will cover the costs of an ergonomic set-up for your home office workspace
- Learning & Development - We are always pushing for L&D, you will be assigned your own budget, monthly books & career development coaching
- Share Options - Share Options form a part of your compensation package. All of us have a piece of our success
- Matching Charity Donations - Movember Challenge, Annual Auction of Promises for donations to the Mind charity and other initiatives will be organised throughout the year
- Access to ThanksBen - Our benefits platform provides you with plenty of discounts as well as access to coaching, yoga, nutrition, exercise and other sessions for free
- Hybrid Working - At Switchee we work in the New Hybrid way. You will be remote-first with an ability to get a desk space in our central office at Somerset House, London
- Enhanced Family Leaves - Switchee is offering enhanced Maternity and Paternity Leaves. That coupled with our flexible working and a hybrid model will allow you to spend as much time with your family as you need
- Unlimited Holidays - Unlimited Holidays are awesome for you to take as much time to rest and take care of yourself as you need. We check that all of our team members are taking a minimum of 25 days of holidays per year
- Spill - Mental Health - Switchee cares about your mental health and on top of the various adjustments we have already introduced such as Flexible Working hours, Wellbeing Wednesdays, Wellbeing channel on Slack, various initiatives and polls, we are also offering you access to Spill where you can reach a therapist and speak about anything that's on your mind!
Funding (last 2 of 7 rounds)
Jul 2024
$6.4m
EARLY VC
Oct 2022
$8.2m
EARLY VC
Total funding: $20.8m
This company has top investors
Leadership
Adam Fudakowski
(Executive Chairman)Manufacturing Engineering degree from the University of Cambridge and an MBA from INSEAD business school. Prior to Switchee, Adam co-founded a medical device company (where he is still a Director) and worked at the Boston Consulting Group.
Tom Robins
(CEO, not founder)Extensive experience as a CSO and a CDO with experience in business development. They're currently the Governor - Member of the Audit Committee at WM College. Initially recruited as the Chief Strategy Officer prior to being promoted to CEO at Switchee.