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Successfully funded
Capital at risk
overfunded
Verv
219%
Raised
£768,420
Investors
963
Target
£350,000
Equity
3.55%
Pre-money valuation
£20,900,000

Through their award-winning smart home energy products, Google-mentored Verv is gaining global traction with over 12k unit orders from clients including British Gas and Dubai Electricity & Water Authority. The team have filed 7 patents for its AI and blockchain-based technology.

  • Multi award-winning AI & blockchain-based technology
  • Funded by Centrica and innogy Middle East
  • Conducted UK’s 1st peer-to-peer trade of energy on the blockchain
  • 7 patents filed & 6 government grants to support our development
Information This round is part of a wider fundraising requirement of £3.5m - £5m which Verv plans to raise in the next year. The company has raised £100,000, some of which may be spent before this round closes.

Idea

Verv has created an IoT hub which uses patented AI technology to unlock rich data from the home straight from the mains electricity, providing smart home insights. Delivered via a smartphone app, Verv has the ability to provide:

- Individual appliance costs and consumption in real-time

- Safety alerts if heated appliances are left on

The Verv hub sources electricity data at up to 5 million times faster than a smart meter, meaning the insights it can provide extend far beyond electricity consumption, opening up opportunities in energy, care and insurance services where Verv has trials underway with a global insurer and 6 international energy companies.

Funded by 6 government grants, Verv has also created a peer-to-peer (P2P) energy trading platform that enables consumers with excess solar power to sell it directly to their neighbours, lowering bills and improving access to green energy. Verv conducted the UK’s first Peer-to-Peer energy trade on the blockchain in April (with support from Ofgem).

NEW Verv Connect, born from the high-speed data sampling and AI in the hub, is an appliance cable for high-value white goods enabling predictive maintenance, warranty and product recall for manufacturers. 1500 pending orders secured from a multinational beauty company.

It’s time to accelerate our growth into new markets worldwide and we want you to be part of that expansion.

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
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In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
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Successfully Invested
£689m+
Registered Investors
733k+