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Switchee

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Smart thermostat and data platform for social housing.

London, United KingdomFounded 2014Other B2B Software
Valuation $25–50M Last recorded · 2025
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Switchee and the history behind them.

About Switchee

Switchee provides an IoT smart thermostat and data analytics platform specifically designed for the social housing market. The company aims to improve living conditions for residents in rented homes while providing actionable insights for social housing providers to manage their properties proactively. Founded in 2015 by a team from INSEAD business school, including Adam Fudakowski, Ian Napier, Ed Warrick, and Russ MacMillan, Switchee was created to address the lack of bespoke technology for the social housing sector. Ed Warrick's experience in social housing highlighted the need for a B2B hardware-enabled software system, which led to the development of the company. Following the tragic death of co-founder Ian Napier in 2019, the team continued to grow the business in his memory. Tom Robins was appointed CEO in 2021, and in March 2026, Leann Hearne took over as Interim Chief Executive. Switchee's business model involves selling its smart thermostats to social housing providers and offering access to a data dashboard. This provides landlords with real-time data on property performance, enabling them to identify risks such as damp and mould, monitor for fuel poverty, and optimize energy efficiency. The company's technology does not rely on resident Wi-Fi, using its own GSM connection, making it accessible to all tenants. For residents, the system can reduce heating bills by up to 17% and allows for better control over their heating and hot water. Landlords benefit from lower operating costs and a shift from reactive to proactive property management. The Switchee device is a touch-screen smart thermostat with five built-in sensors: temperature, light, motion, humidity, and air pressure. It collects data to learn occupancy patterns and optimizes heating schedules. The platform also functions as a two-way communication tool, allowing landlords to send messages, schedule appointments, and conduct surveys with a high resident engagement rate. The company’s Open API allows for integration with existing housing management systems. Switchee has gained significant traction, serving over 130 social housing providers across the UK. The company is a certified B Corp and has received numerous awards, including 'Product of the Year' at the 2022 National Energy Efficiency Awards. Keywords: social housing, proptech, smart thermostat, IoT, data analytics, energy efficiency, fuel poverty, property management, damp and mould detection, resident engagement, B Corp, asset management, smart homes, decarbonisation, compliance, predictive maintenance, real-time data, housing associations, remote diagnostics, tenant communication

Source: Dealroom company data

At a glance

Status
Operational
Founded
2014
Headquarters
London, United Kingdom
Employees
64
Open positions
None listed
Dealroom signal
62.3/100
Industry
Real Estate
Sub-industry
Real Estate Software
Sector
Other B2B Software, Smart Building, Smart Home, Sustainable Development Goals, Urban Tech, Building Cooling, Climate Tech, Building Energy Efficiency, Green Buildings
Technology
Deep Tech, IoT InternetOfThings
Business model
SaaS
Client focus
b2b

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Dec 2025 $1.1M $43M Undisclosed ↗
SERIES A✓Equity / VC Jul 2025 $2.9M $43M Undisclosed ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
2026
2025
2024 —
2023 — — —
2022 — — —
2021 — — —
2020 — — —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Switchee website traffic

Latest recorded traffic for Switchee is 3.8K monthly website visits, up 65.2% over the last three months. Switchee's team declined 9.9% over the past year.

Latest monthly visits3.8K 3-month web change+65.2% 1-year team growth-9.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

18 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed7 investors entered at this stage

  • Pi Labs
  • Republic Europe
  • Mustard Seed + Partners
  • ClearlySo
  • Wayra
  • Clearly Social Angels - ClearlySo
  • INSEADAlum Ventures

Series A7 investors entered at this stage

  • Contrarian Ventures
  • Ascension
  • Fair by Design
  • Aereco
  • The Ingenious Group
  • AXA Investment Managers
  • Octopus Ventures

Other known investors4 additional known investors

  • Antoine Pradayrol
  • Dominic Wilson
  • Emma Steele
  • Royal Academy of Engineering Enterprise Hub
Team profiled 16 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇬🇧 United Kingdom100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Switchee on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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