Switchee Company Research Report

Company Overview

Name: Switchee

Mission of the Company

Switchee exists to improve the quality of life for people living in rented homes by providing real-time data and tools to social housing providers so they can better manage properties and support residents.

Founded

Switchee was founded in 2015.

Founders

Adam Fudakowski (Co-founder, original CEO)

Ian Napier (Co-founder, former Chief Commercial Officer)

Key People

Tom Robins - CEO

Adam Fudakowski - Co-founder

Ian Napier - Co-founder (Deceased 2019)

Kate Roberts - Head of Customer Success

Martin Fincham - Non-executive Chair

Marie-Claire Delbrouque - CEO of Hopestead (Testimonial)

Gary Fulford - Group Chief Executive, whg (Testimonial)

Lee Reevell - Head of Innovation and Architecture, Halton Housing (Testimonial)

Dave George - Sustainability Manager, CHP Housing (Testimonial)

Headquarters

Switchee is headquartered at Office 405-406, Citybridge House, 57 Southwark St, London SE1 1RU.

Number of Employees

No information is available.

Revenue

No information is available.

Known For

Switchee is known for its innovative IoT technology solutions that improve the management of social housing properties and enhance the quality of life for tenants through smart thermostat devices and data-driven insights.

Products

Product: Switchee Smart Thermostat

High-Level Description

The Switchee Smart Thermostat is an internet-connected, smart thermostat specifically designed for social housing. It allows residents to control their heating and hot water while providing landlords with actionable data to optimize property management.

Key Features

Interface: Touch-screen and Internet-connected

Sensors: Built-in humidity, temperature, light, and pressure sensors

Dashboard: Displays real-time data on a user-friendly platform

Energy Savings: Helps reduce heating bills by up to 17%

Property Insights: Identifies under-heating, mold risks, and thermal performance

Communication: Two-way communication platform for resident surveys and messages

Switchee Resident Mobile App

High-Level Description

A mobile application enabling residents to control their heating and hot water remotely via their smartphone.

Key Features

Remote Control: Control heating and hot water schedules from anywhere

User-friendly: Easy-to-use touch interface

Interactive: Receives messages and surveys from housing providers

Switchee Dashboard

High-Level Description

An analytical platform for social housing providers to view and interpret real-time property data.

Key Features

Data Points: Aggregates over 16 billion data points per year

Insights: Provides actionable insights into property health and energy efficiency

Communication Tools: Sends messages and surveys directly to Switchee devices

Integration: Interoperates with other IoT devices and housing management systems

Recent Developments

New Products and Initiatives

Smart Meter Insights: A service combining Switchee device data with smart meter data to assess thermal performance and validate retrofit measures.

Energy Voucher Service: Uses real-time data to detect households in fuel poverty and issues £49 energy vouchers directly to residents via their Switchee device.

Partnerships

Axiom Manufacturing: Partnership to streamline production and distribution.

City Plumbing: A collaboration to revolutionize social housing management.

Platform Housing Group: Tackles high-risk damp and mold issues using Switchee devices.

NEC Housing: Partnership aimed at identifying damp and mold more quickly.

Fairhive Homes: Committed to installing further Switchee smart thermostats.

Additional Initiatives

Warm Homes: Social Housing Fund: Projects aimed at improving the energy efficiency of social homes.

Retrofit Information, Support and Expertise (RISE): Supports Warm Homes projects.

Switchee Trusted Installer Network (STIN): Ensures seamless installation of devices nationwide.

Launch of New App Features: Enhances the resident experience and provides greater control.

B Corp Certification

Switchee achieved B Corp certification, recognizing its commitment to social and environmental performance, accountability, and transparency.

Financial Investments

£5 Million Investment: Secured from Octopus Ventures and AXA IM Alts to accelerate growth and innovation.

Further Funding: £6.5 million financing led by AXA IM Alts.

Events and Conferences

Switchee Summit

2024: Events scheduled in Manchester and London to discuss the future of affordable housing.

Switchee continues to innovate and expand its services, focusing on improving energy efficiency, reducing costs, and enhancing the quality of life for residents in social housing.