Recent News

Q-Bot secures £1.5m of investment to accelerate growth and support the rollout of robotic insulation service

We’re delighted to announce that insulation provider Q-Bot has secured further funding to help rapidly scale their business, improve energy efficiency and reduce fuel poverty.

London, United Kingdom Q-Bot, the UK’s leading developer of robots for use in the construction industry, has closed an investment round of £450,000 supported by ClearlySo, Minerva Investors Group, Curious Capital, London Business Angels and Chicago Booth Angels. The investment is leveraged with £1,050,000 funding from the EU Commission’s Horizon 2020 program, to bring the total funding up to £1.5m. The new funds will allow Q-Bot to roll out the world’s first affordable and truly scalable solution for under floor insulation.

Hayley Collen, Investment Director at ClearlySo: “This is an exciting time for Q-Bot as it looks to scale up in the UK and launch in new markets. ClearlySo is proud to have helped them raise capital at each step of their journey to improve energy efficiency and reduce fuel poverty for customers in the UK and beyond.”

With an estimated 10 million homes needing under floor insulation in the UK alone and with markets in Northern Europe and the US, there is a huge need to develop more scalable approaches for the retrofit of insulation. Q-Bot has developed a highly innovative, robotic device that can deploy through a small opening, survey and map the space, apply insulation in situ and then validate the job done. This unique approach transforms inefficient, cold and draughty properties into warm and cosy homes at a fraction of the cost and time of traditional methods. It also minimises disruption for the occupants and can reduce energy bills by as much as 1/4, saving hundreds of pounds. This has resulted in Q-Bot acquiring significant clients in the social housing sector, including Camden Council, Cardiff City Council, CityWest Homes, Islington Council and Peabody.

Mathew Holloway, CEO & Co-Founder of Q-Bot: “The support of our investors combined with co-funding from the EU Commission’s H2020 program, has enabled Q-Bot to secure the accreditation critical to our customers and partners including a BBA Agrément Certificate and CE Mark. Q-Bot is now poised to roll out the service across the UK and capitalise on successful trials in France and the US. This new investment will allow Q-Bot to accelerate growth and put in place the infrastructure required to deliver the service across the millions of homes that need it. Q-Bot has already created dozens of jobs and insulated hundreds of homes, but our goal is to have an impact on a global scale, by transforming the construction industry with smarter solutions.

Cornel Chirac, Chicago Booth Angels: “We are impressed by Mathew and his team’s vision for the future and Q-Bot’s accomplishments to date. Chicago Booth Angels Network is proud to support Q-Bot in solving a real problem through the use of technology for people in the UK and beyond.”

Ends

Notes to the Editors

About Q-Bot

Q-Bot was founded in 2012 with the objective of using robotics and advanced manufacturing techniques to revolutionise the building and construction industry. The company is funded through a combination of government grants, private investment and sales revenue, and has been supported by ClimateKIC, InnovateUK, The Department for Business, Energy & Industrial Strategy, The Royal Commission for the Exhibition of 1851 and the EU Commission’s H2020 program. The company employees 25 people and is based in Wandsworth, London.

Q-Bot vision is to create smarter tools for the construction, maintenance, and upgrade of buildings. These robotic tools allow workers to remotely inspect and carry out a range of operations in hard to reach areas, such as crawl spaces, at height, or where there are other hazards which makes human access undesirable. The initial focus is under floor insulation, an application which is cost prohibitive and impractical without robots. Q-Bot has developed the first affordable and scalable solution to this problem, using a unique robotic device called SprayBot to apply insulation in situ.

SprayBot can access the building through an external opening, performs a visual analysis, and builds up a 3D map of the space; it then applies the insulation, before finally inspecting the job done, thus facilitating quality control and validating energy savings. In a highly competitive insulation market, robots empower installers, making their work more efficient and safer while insuring the work is carried out at a lower cost, with minimum disruption, and within a very short timeframe. In older, poorly insulated buildings with timber floors, heating bills can be reduced by as much as 25% and draughts can be reduced by up to 50% (see Leeds Beckett University co heat test and Q-Bot case studies for further information). Thermal comfort for occupants is also greatly enhanced, due to reduced cold draughts and temperature differences.

Learn more at www.q-bot.co.

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 100 clients raise more than £150 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards choosing sustainable businesses that deliver long term benefit to people, planet and the bottom line.

ClearlySo is headquartered in London. 

Further Information

Mathew Holloway
CEO of Q-Bot
E:
info@q-bot.co
T:
+44 (0)20 8877 2709

 John Lloyd
CMO of ClearlySo
E
: john.lloyd@clearlyso.com
T: +44 (0)207 490 9520

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Sumdog raises £1.4 million to improve student attainment levels and education equality

We’re pleased to announce our role in helping Sumdog raise £1.4 million to reduce the educational attainment gap globally.

Edinburgh, United Kingdom – Education technology company Sumdog, an adaptive learning service that uses ‘gamified learning’ to improve students’ results in Maths and English, announced that it has raised £1.4 million with the help of ClearlySo, Europe’s leading impact investment bank. Sumdog will use this round of capital to catalyse growth in the UK and its US market expansion, where it is already used in 22% of elementary schools.

Enjoyment of learning is the core to every game on Sumdog. Its adaptive learning engine ensures that each student is challenged without being discouraged. Using game design and game elements, and a sophisticated online multiplayer gaming function, Sumdog motivates and engages users to learn. Its unique algorithms adapt to each individual user’s needs to decide which question to deliver next, and through a partnership with global education NGO Khan Academy, Sumdog provides targeted educational videos for areas of difficulty.

Sumdog improves student attainment levels, especially those from disadvantaged/low income backgrounds. The recent Glasgow City Effectiveness Study demonstrated that Sumdog improves a child’s rate of learning by a factor of three.

The investment round included Nesta Impact Investments’ £17.6m fund that invests in life-changing innovations that help tackle the major challenges faced by older people, children and communities in the UK. They invest in outstanding entrepreneurs to create real and lasting social impact alongside financial return.

Andrew Hall, CEO of Sumdog said: “This is a really exciting time for Sumdog as we seek to expand our team to include the specialist skills we will need to achieve our future ambitions. As a high-impact company, our core mission is to close the educational attainment gap by helping all children reach their full potential. By capturing children’s imagination, Sumdog wants to become a world leader in online learning, starting with maths and English but ultimately covering a much broader range of subjects. This £1.4 million investment will make a crucial contribution as we strive to meet our objective of helping 15 million children across the UK and the US over the next five years.”

Jon Wright, Investment Manager at ClearlySo, added: “It was important to Sumdog that they collaborated with investors who would support their impactful mission alongside their scalable business model and we were delighted to introduce them to their ideal partner, Nesta Impact Investments.  Impact investment continues to grow in popularity and the investment community are beginning to recognise that impact and return on investment can be positively correlated.  Sumdog is an excellent example of a business doing exactly that and we wish them every success in the future.”

Further commenting, Ishaan Chilkoti, at Nesta Impact Investments, said: “We were impressed by the quality and dedication of the team at Sumdog. Andrew and his colleagues are truly committed to creating a global education company that helps students from all backgrounds achieve better educational outcomes. ClearlySo introduced us to the company and were instrumental in ensuring this investment process ran smoothly; it was a pleasure working with Jon and the team.”

Ends

Notes to the Editors

About Sumdog

Sumdog is a high-impact company with headquarters in Edinburgh. Set up in 1994, Sumdog has developed an online learning system specifically designed to improve skills and attainment in maths and literacy and aligned to the Curriculum for Excellence. The Sumdog website is now used by 2.8 million children in 88 countries worldwide. Further information about Sumdog is available at www.sumdog.com.

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 100 clients raise more than £149 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

In addition, ClearlySo ATLAS helps investors assess the social and environmental impact of their venture capital and private equity investments and guides them towards choosing sustainable businesses that deliver long term benefit to people, planet and the bottom line.

ClearlySo is headquartered in London.

 Further Information

Lynsey Ross
Sumdog
E:
lynsey.ross@orbit-comms.co.uk
T:
0131 603 8996

 John Lloyd
ClearlySo Chief Marketing Officer
E
: john.lloyd@clearlyso.com
T: 0207 490 9529

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ClearlySo ATLAS makes the finals for prestigious Finance for the Future 2017 Awards

We are pleased to announce that ClearlySo ATLAS has been named a finalist in this year’s Finance for the Future awards, in the ‘Start Up and Growing Enterprises’ category.

The Finance for the Future Awards highlight good business practices internationally by looking at the crucial role financial decision makers play in helping to create sustainable business models.

ClearlySo ATLAS is our impact assessment solution for private equity and venture capital investors.

ClearlySo will now have the opportunity to give a formal presentation to a panel of judges in early September, before winners are announced at the awards ceremony in London on Thursday 12 October 2017.

Congratulations to the other finalists, named below.

LARGE BUSINESS AWARD    

LafargeHolcim (Switzerland)
Pladis (UK)
TELUS Communications (Canada)

PUBLIC AND NOT-FOR-PROFIT SECTORS AWARD

Finance Alliance for Sustainable Trade (Canada)
National Trust (UK)
Public Health England (UK)
SITAWI (Brazil)
University of Cyprus (Cyprus)

START-UP AND GROWING ENTERPRISES

AEE Power Ventures (Spain)
ClearlySo (UK)
MEP Werke & Strasser Capital (Germany)
UrbanVolt (Ireland)

COMMUNICATING INTEGRATED THINKING AWARD

Anglian Water (UK)
British Land (UK)
Ferrovial (Spain)
Orange Polska (Poland)
Philips Lighting (The Netherlands)

INVESTING AND FINANCING AWARD

Banco Pichincha (Ecuador)
Econet Wireless (Zimbabwe)
Social Stock Exchange (UK)

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ClearlySo named a finalist in the Innovative Climate Finance Tool Competition

We’re delighted to announce that ClearlySo ATLAS has been recognised for its contribution to the ‘green economy’ by Climate Action, which, in partnership with the United Nations Environmental Programme (UNEP), brings together business, government and public bodies to accelerate international sustainable development and advance the ‘green economy’.

Climate Action’s Innovative Climate Finance Tool competition aims to encourage the development of new financial tools to facilitate sustainable investment.

ClearlySo has been named one of six finalists in recognition of our work on ClearlySo ATLAS, an impact assessment solution for private equity and venture capital investors. ClearlySo ATLAS is an online platform that assesses the environmental and social impact of portfolio companies in order to unlock new opportunities.

The other finalists are as follows:

Beyond Ratings, with CLAIM (Climate Liabilities Assessment Integrated Methodology), which is a proprietary and unique methodology to analyse climate strategies, allowing investors to go further in their carbon disclosure reporting and offering unique insights for long-term risk management.

CDP, which submitted Climetrics, the world’s first independent and publicly available tool that rates equity funds for their climate impact and aims to turn the equity fund market – worth more than €3 trillion in Europe – into a significant lever for mitigating climate change and transitioning to a low carbon economy.

Kaiserwetter Energy Asset Management GmbH, for their digital tool – called ARISTOTELES, which is designed to support the executive level of investment companies, financial institutions and financing banks monitoring and managing its renewable energy portfolios.

Nexus for Development, which submitted The Pioneer Facility, an innovative debt fund to provide affordable working capital for enterprises producing and distributing sustainable energy, clean water and sanitation solutions to low income populations in developing countries in Southeast Asia and Sub-Saharan Africa.

UN Environment, which launched the Sustainable Finance Facilities to unlock capital from investors and private finance institutions to bring monetary resources and capacity building into overlooked sectors such as forestry, agriculture and fisheries.

The winner of the competition will be announced on 5 September, and will be presenting their Innovative Climate Finance Tool at the Sustainable Investment Forum on 19 September.

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High-impact robot-delivered construction service receives BBA approval

Q-Bot’s under floor insulation service has been awarded the highly prized British Board of Agrément (“BBA”) accreditation for the construction industry.

The BBA Agrément Certificate Number 17/5440i1 covers Q-Bot’s suspended timber floor insulation service for domestic and non-domestic buildings. The service is delivered using a robotic device called ‘SprayBot’ which can crawl under old homes and insulate the floor from below, a job which is generally impossible for a human being (as floor voids are typically 12” deep).

This new, highly innovative service creates skilled jobs in the building sector, since the task of insulating under floors was previously impractical and cost prohibitive. At the same time, the resultant energy and cost savings generate one of the quickest paybacks of all insulation measures, creating a very appealing win-win for everybody.

Q-Bot’s under floor insulation service was put through its paces by the BBA in the lab and onsite to demonstrate compliance with the Building Regulations. Working with the BBA, Q-Bot developed a detailed training program and a fully accountable quality management system to ensure each install is delivered consistently and to the highest standards. The accreditation also opens up opportunities for government funding through schemes such as ECO helping to fund the roll out of the service.

Mathew Holloway, CEO of Q-Bot: “The award of the BBA Agrément Certificate demonstrates that QBot’s process of insulating the floor is robust, meets all the requirements of the Building Regulations and can be consistently and reliably applied across millions of homes in the UK. The unique solution allows the whole process to be recorded, complete with a survey of the area and depth of insulation to ensure the quality of the job done. The service will also have a fantastic impact on local communities, generating employment as well as reducing fuel poverty and CO2 emissions. The BBA Certificate will enable us to deliver these impacts at scale across the UK and overseas.”

About Q-Bot:
Q-Bot was founded in 2012 with the objective of using robotics and advanced manufacturing techniques to revolutionise the building and construction industry. The company is funded through a combination of government grants, private investment and sales revenue. The company has been supported by Climate-KIC, InnovateUK, The Department for Energy and Climate Change, The Royal Commission for the Exhibition of 1851 and is currently funded by the European Union’s Horizon 2020 program. In 2014 Q-Bot received its first private investment from EcoMachines and in 2016 completed a second round with ClearlySo, Curious White, Wroxall and Minerva Investors Group of Business Angels. The company has offices in London and Paris with a multidisciplinary design and engineering team.

Contact Details:
Q-Bot – info@q-bot.co / +44 (0)208 877 2709 / www.q-bot.co

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