Strategic advisory and successful £1.3M funding for a smart heating solution startup

About The Client

late seed funding

Minibems is a scale-up, providing a smart and digital heating solution that enables savings on heating costs up to 40%. 



Challenges or Requirements

As a start-up in the smart heating sector, Minibems was looking to scale their operations with a late seed funding round. They are also looking for strategic support in creating business models to penetrate new market segments. 

How NovAzure help them

NovAzure supported Minibems during their late seed funding round by fine-tuning their business plan and pitch decks to eventually introducing a number of investors. NovAzure lead Minibems through the end-to-end funding campaign which included pitch rehearsals and preparations, investor engagements and full due diligence support. NovAzure provided Minibems with interim CFO support as well as advice to setup a new “Heating as a Service” business model to target in particular the retrofit market for heating systems. NovAzure continues to provide introductions to the wider NovAzure ecosystem including potential customers in the built environment.  

What value is created

NovAzure provided Minibems with end to end support to successfully conclude their funding round to secure the required capital for their growth journey. The advice and support received in developing a new business model (“Heating as a service”) allowed Minibems to adapt to Covid market implications and created new sales opportunities. NovAzure continues to create valuable PR exposure, networking opportunities and potential sales leads.

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