UK-based energy management company SenseLogix has secured finance worth £1m through The North West Fund for Energy and Environment, which is managed by CT Investment Partners.
The capital will allow the business to accelerate commercialisation of its EnergyLogix software platform, establish a new head office in Cheshire and add more staff.
SenseLogix's solution is designed to eliminate the electrical waste of IT systems and other small power items.
Jonathan Luke, CEO and co-founder of SenseLogix, said, 'Through our partnership with The North West Fund and CT Investment Partners we aim to continue our success in the emerging energy services sector by providing robust, intuitive and cost-effective energy management solutions for building users.
'Our products and services enable our clients to make real savings and reduce their carbon footprint in the process.'
Adam Workman, partner at CT Investment Partners, added, 'We are really pleased to be working with SenseLogix.
'This is a company we have worked closely with over the last three years through their involvement with the Carbon Trust's Entrepreneurs Fast Track Programme.'