Summary
SeaWarm, a Scottish cleantech spinout, has secured £550,000 in funding to accelerate the rollout of its renewable heating technology, designed to cut fossil fuel use and lower carbon emissions across communities.
Summary of transaction details:
- Value: £550,000
- Sector: Cleantech
- Advisor: None
- Key Entities: SeaWarm, Equity Gap, Scottish Enterprise, Old College Capital
- Location: Scotland
Note: The investment in SeaWarm reinforces Scotland’s position in the energy transition, with the company’s modular solution tailored to rural and coastal environments, and provides a practical, scalable solution with strong potential to make a measurable difference in reducing carbon emissions.
Lead Investor / Acquirer
Equity Gap
Lead Investor / Acquirer
Scottish Enterprise
Lead Investor / Acquirer
Old College Capital
Advising Broker
Undisclosed Firm
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Series A prioritisedOriginal Source
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