AirEx

AirEx

Private
London, EnglandEnergy & Sustainabilityhttps://www.airex.tech

Last Round

Debt

May 7, 2024

Total Funding Raised

$6.94M

Company Overview

AirEx is a British climate-tech company founded in 2016 with a mission to address fuel poverty and climate change. The company has developed and manufactures the world's first smart air brick, a patented IoT-enabled technology designed to make homes more energy-efficient. The system uses sensors to monitor environmental conditions like temperature and humidity, along with local weather data, to intelligently regulate airflow through a home's ventilation bricks. This process reduces unnecessary heat loss, which can account for up to 15% of a home's total, thereby lowering energy bills and carbon emissions without compromising indoor air quality. The technology is aimed at the building retrofit market as a low-cost, easy-to-install solution and is approved by the UK energy regulator, Ofgem.

Sector

Energy & Sustainability

Verticals

Energy Management, Smart Buildings, Green Building, IoT Hardware

Business Model

B2G

Customer Profile

Hardware + Subscription, Government Contracts, Hardware Sales

AI Layer

Application

Keywords

smart air bricksmart ventilationsmart ventunderfloor ventilationheat loss reductionhome energy savingsdamp preventionmould preventionbuilding retrofitIoT hardwarefuel poverty solutionproptechmould risk analyticssocial housing technologyStandard Assessment ProcedureSAPSocial Housing Decarbonisation FundSHDFECO4

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AirEx Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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AirEx Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
DebtMay 7, 2024
Series A ExtensionApr 4, 2023
Series ADec 12, 2022
GrantJun 1, 2020
SeedSep 11, 2019

Key People

Founding team and executive leadership

Agnes Czako

Founder, CEO

Founding Team

Joe McMullen

Chief Operating Officer, Interim CEO

Executive Team

Chris S.

Chief Technology Officer

Executive Team

Patrick Hoar

Chief Financial Officer

Executive Team

AirEx Investors

Notable investors and investment history

InvestorRounds
Unreasonable CollectiveSeries A
Innovate UKGrant, Debt
Nesta Impact InvestmentsSeries A, Series A Extension
Barclays Sustainable Impact CapitalSeries A, Series A Extension
Francis Family FundSeries A Extension
One Planet CapitalSeries A Extension
Green Angel SyndicateSeries A, Seed

Market signals

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  • Oct 16, 2025

    Founder and CEO named Clean Technology Innovator of the Year.

AirEx Filings

SEC and related filings with document metadata.

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AirEx Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersLondon, England
Employee Range32
Year Founded2016
Last FundingMay 7, 2024

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