Other backers of Switchee’s latest round include Contrarian Ventures, an early stage energy fund backed by Lietuvos Energija (the largest energy provider in the Baltics), and AU Capital Partners, a VC fund focused on the U.K.-India corridor and investing in technology companies in IOT, Smart Cities and fintech. London - based Switchee has secured £ 1.3 m ( $ 1.7 m ) in pre - series A round to fund its smart thermostat and cloud - based service for social - housing landlords . The start - up aims to help landlords address issues of fuel poverty and high energy costs among tenants . The Switchee device has sensors that detect temperature , light , motion , humidity and air quality , and provides landlords with data that can help spot potential energy shortages early on , while also saving tenants money on utility bills .
London - based Switchee has secured £ 1.3 m ( $ 1.7 m ) in pre - series A round to fund its smart thermostat and cloud - based service for social - housing landlords . The start - up aims to help landlords address issues of fuel poverty and high energy costs among tenants . The Switchee device has sensors that detect temperature , light , motion , humidity and air quality , and provides landlords with data that can help spot potential energy shortages early on , while also saving tenants money on utility bills .