Quimera Energy secures backing of British Business Bank
Future Fund investing in UK smart energy leader
London, September 28, 2020 – Quimera Energy Ltd., a world leader in Smart Building Energy Efficiency, has secured new investment from the British Business Bank in support of its continued expansion and export growth. The investment from the British Business Bank will be made through the UK Government’s Future Fund program, an initiative designed to support innovative UK companies with a proven track record and future growth potential, that are essential in ensuring the UK retains its world leading position in science, innovation and technology.
“Since founding Quimera Energy in 2015, we have quickly proven our ability to drive building energy efficiency across numerous industry segments, said Javier de Rocafort, Chairman of the Board. This vote of confidence from the British Business Bank and the Future Fund in our technology and people is an important boost to our growth aspirations.”
Developed by the UK Government and delivered by the British Business Bank, the Future Fund is an investor lead program where the British Business Bank match funds investment via a recognised convertible loan providing a stepping stone for the company to maintain its growth strategy through challenging times in the Global economy.
Quimera Energy was ranked earlier this year by the Financial Times as one the 1,000 Fastest Growing Companies in Europe. Headquartered in London and with offices across the world, Quimera Energy has progressively built a global reputation for the quality of its machine learning software for facilities management and innovations such as its ‘Monitor & Save’ that deliver performance-based savings to clients.