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GRYD raises £1M
January 28, 2025·2 min read

Joy Laoun

News Editor, Vestbee

London's solar tech startup GRYD raises £1M in pre-seed funding

London-based startup GRYD, which offers zero-cost solar subscriptions for homeowners and developers, has raised £1 million in a pre-seed funding round to support its national expansion. Investors include Black Seed VC, SFC Capital, and Oasthouse Ventures.

  • Founded in 2023 by Mohamed Gaafar, Scott Whiteside, and Tom Jordan, GRYD offers zero-cost solar energy solutions for homeowners and developers. 
  • The company funds, operates, and optimizes smart solar systems, providing a decentralized alternative to the traditional energy grid. By partnering with housing developers, GRYD deploys these systems at scale, utilizing unused roof space on new-build homes to deliver affordable, bill-saving solar power.
  • GRYD’s solar-as-a-subscription model fully funds the systems, removing hardware costs for developers. It helps meet building regulations, exceed energy standards, and lower construction costs, with a 25-year warranty including insurance and maintenance.

Details of the deal

  • The investors in the round include Black Seed VC, Brixton-based VC SFC Capital, a London-based investment firm supporting British startups, and Oasthouse Ventures.
  •  Notably, Simon Turner, Director at Oasthouse Ventures, has joined GRYD's board as Investor Director.

“The strength of our pre-seed round is a welcome start to the next phase of GRYD Energy’s journey as we prepare to scale our solar technology and service nationwide. We’re fortunate to have the backing of fantastic investors like Black Seed and SFC who share our sense of urgency to accelerate the UK’s clean energy transition and ensure no one is left behind," Claims Mohamed Gaafar, CEO and co-founder of GRYD.

  • The £1 million raised will fuel GRYD Energy's national expansion, support key hires, secure energy partnerships, and scale its smart solar subscription to 30,000 homes, accelerating the UK’s clean energy transition.

 


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