Demand Logic secures funding and appoints new Chair to roll out tech that cuts energy costs and carbon emissions by up to 30%
Summary
This funding, and the huge injection of domain expertise from our new Chair Gavin Starks, marks an upward change in gear for Demand Logic as we step up our intensity and determination to decarbonise the commercial real estate sector. We are now recruiting across all parts of the business, so please get in touch if you feel you have what it takes to help us.About his appointment, Gavin Starks said:Demand Logic has developed a proven, best-in-class solution for commercial property owners to radically reduce their energy bills and their emissions. Given the combined pressures on energy costs, emissions reductions and creating measurable impact, this is the ideal moment to scale.Since we first met Demand Logic we have been impressed by the huge potential the company has for transforming the built environment. As an investor in, and client to, high potential young businesses we can accelerate the commercial development of solutions critical to decarbonising the built environments impact whilst improving the range and quality of services we offer to our customers.Demand Logics intelligent and simple software supports our goals of reducing carbon and cost of managing our buildings. Over our three year partnership their service levels, speed of deployment and insights as well as depth of analysis have been particularly impressive; and with the results weve experienced ourselves, were excited by the opportunity to support the business long-term growth.One of the obstacles hindering property owners and managers from improving the energy performance of their assets is actionable data, and we were confident that Demand Logic could be the missing piece of the puzzle when we first invested in them back in 2018.