Carbon247 secure funding from Satago
Carbon247 is a business that works with major energy suppliers, providing carbon-saving initiatives to eligible homes through the installation of energy-saving measures such as boilers and insulation.
Having access to cash is key to making the business scalable across multiple energy providers.
Director Vaughan Roberts initially sought £500k from Satago’s invoice finance facility in order to grow the business. This was then extended to £850k at Vaughan’s request.
He will use funds to treat over 60,000 homes over the next 12 months, delivering £100m in lifetime bill savings.
Vaughan realistically expects the business to deliver £20m in this period.