Another huge round of funding in Europe, as AlertMe secures £8 more millions in a series B round from Index Ventures, Good Energies, SET Venture Partners and VantagePoint Venture Partners.
AlertMe offers a really great and innovative product that will help you save energy, money and secure your home. They produce a kit composed of a hub and some accessories. You plug the hub into your broadband connection and power source and then all AlertMe accessories will comunicate wirelessly to the hub, which sends the information to the AlertMe servers. You can then go on their web application and check your energy consumption, control your appliance and electricity usage remotely.
It is cheap, looks easy to install and use and could really be a game changer in the “run to green”. Consumers can save up to 25% of their residential energy costs. This means that AlertMe pays for itself in about 1 year, and saves approximately 1 ton of CO₂ per home per year. If every UK home had AlertMe, this roughly equates to taking half of the cars off the road.
The company claims to have sold more than 15000 units and have no competition in Europe. They will also soon release addons for heating and hot water behaviours.
Pilgrim Beart, AlertMe.com founder and CEO said: ‘We recognize that major players around the world – government, consumers, large retailers and utility companies – have a strong interest in working together to reduce domestic energy consumption as quickly and efficiently as possible. AlertMe.com, with the backing of our investors, offers a truly global solution to this issue that is available to use today.’
Another cool feature of their system is house security. If you buy a standard (£249) or premium kit (£399) you get motion sensors for doors and windows, the ability to monitor and control security in your home and updates on your mobile.
Saul Klein, Partner, Index Ventures said: ‘As energy demand increases worldwide, we see an urgent need for a disruptive and game-changing technology which is capable of leading a true revolution in home energy consumption. As investors, we’re excited to work with the experienced AlertMe.com team who are at the forefront of what we believe will be a huge and beneficial shift for both consumers and energy companies alike.’
The Switzerland-based company counts on a team of 4 people, plus developers and key contacts to attract and prescreen vendors. They are distributed around Germany, Switzerland, the UK and the US.
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One of the most important features I spotted is the offline mode. Tripwolf lets you choose what you would like to download and save you from those huge roaming costs. Users have the choice of downloading either text only or the whole package that includes pictures. You will then be able to synchronize everything back at the hotel.
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