xWatts, a London, UK-based intelligent energy management platform focused on decarbonizing complex real estate assets, has raised £1.6 million in a Seed round.
Investors
The round was led by Cambridge Enterprise Ventures, with participation from Cambridge Angels, Parkwalk, and R42.
Cambridge Enterprise Ventures is the dedicated investment arm of the University of Cambridge, providing early-stage equity funding, seed capital, and support to spin-outs, startups, and entrepreneurs with strong ties to the university. The firm offers a structured funding pipeline, ranging from £20k pathfinder grants to £500k seed investments.
xWatts Use of Funds
The company will use the funding to accelerate product development, enhance AI-based energy optimization, and expand growth across key European markets.
About xWatts
Founded by Yigit Akar and Alex Allen, xWatts develops AI- and machine-learning-based technology to manage energy use across large and complex real estate portfolios. Its AI-driven energy management software platform is designed to automate decarbonization for complex, high-energy estates such as hospitals, university campuses, and industrial sites. It connects directly to existing building management systems (BMS) to optimize HVAC, solar, and storage assets in real-time. Headquartered in London, UK, xWatts’s goal is to make decarbonization achievable for the most complex estates through energy optimization at scale.
Funding Details
Company: xWatts Ltd.
Raised: £1.6M
Round: Seed
Funding Date: February 2026
Lead Investor: Cambridge Enterprise Ventures
Additional Investors: Cambridge Angels, Parkwalk, R42
Company Website: https://www.xwatts.co/
Software Category: AI Energy Management / Smart Building Platform
Source: https://tech.eu/2026/02/10/xwatts-closes-ps16m-to-expand-ai-powered-energy-management-solutions/