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Technology

Grid Duck

Status: Extended

Nov 24th 2020 - Jan 3rd 2021

Grid Duck (GD) is an intelligent energy control system. It argues that only 14% of commercial buildings have a Building Management System (BMS) that allows them to switch off appliances when they are not needed automatically. GD is trying to bring the remaining 86% of buildings under its network. It has launched a wireless cloud-based system for companies to manage their energy consumption. Companies can check their energy consumption on an easy-to-use dashboard. GD is also evolving its technology into a self-learning system that supports time-of-use tariffs, demand response and renewables balancing. The company won the 2020 Rushlight Energy Reduction Award, and is ISO27001 certified for cybersecurity with regards to 'Penetration Test'. With the investment received, the company will grow its revenues and invest in New Product Development (NPD).

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Grid Duck Rating Review

Pitch rating powered by CROWDRATING

Rated on 09/12/2020

Pitch Rated

89%

Gold

Management

90%

Product

87%

Investment

91%

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    Log in to view target

    £2,131,002
    pre-money valuation

    8.58%
    equity available

    358
    investors

    £949
    pledge per investor

    09545657
    company number

    Active
    company status

    16/04/2015
    incorporated 9 years

    Previous Funding rounds
    29 Mar 24 Seedrs £339,771 / 170% 89.33%
    News

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 90%

Skills 91%
The team blends a mix of cutting edge technical and commercial skills with young creative innovators and industry experts. The CEO is a start-up founder in the smart energy area, and he is skilled in mobile devices and applications, business development, telecommunication, product development, and marketing strategies. The Co-Founder/CTO and CPO are the driving force behind the development of the Grid Duck product. The Co-Founder/CTO is skilled in Java, Struts, and PHP and is currently responsible for the hub firmware, data pipeline, and client API. The CPO is a UX/UI designer and full-stack software engineer who handles the front-end design and development. One of the Non-Executive Advisors is an engineer and a serial entrepreneur. He is passionate about building commercially innovative and technology-driven businesses, with wide-ranging skills and experience gained in the energy sector. It was noted that the CEO is also taking up the responsibilities of Sales, Marketing, and Finance in the company.

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Funding progress

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Pitch Rated

77%

Overall

rating powered by

CROWD RATING™

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Log in to view amount pledged

    Log in to view target

    £2,131,002
    pre-money valuation

    8.58%
    equity available

    358
    investors

    £949
    pledge per investor

    09545657
    company number

    Active
    company status

    16/04/2015
    incorporated 9 years

    Previous Funding rounds
    29 Mar 24 Seedrs £339,771 / 170% 89.33%
    News
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • The Daily Telegraph