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The e-commerce platform and energy savings consultancy company SaveMoneyCutCarbon has received £2.2m in funding from IW Capital.

SaveMoneyCutCarbon aims to help its customers save water, reduce energy consumption, and cut operating costs. It offers consultancy services and sells energy-saving products to businesses, organisations, and homes. The company says it will use these funds to increase brand awareness and promote its expansion across the United Kingdom.

SaveMoneyCutCarbon is based in Suffolk, England and was founded in 2010. IW Capital is a private investment house based in London, and has previously backed several other British scale-ups.

In a statement quoted by Tech City News, Tim Lawrence, investment director at IW Capital said, “SaveMoneyCutCarbon is on path to becoming a digital one-stop-shop marketplace for energy, water savings and all things linked to sustainability, cleverly leveraging the best of two worlds – e-commerce and consultative project business.”

Read more: Tech City News

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