• Award-winning UK innovator Demand Logic announces significant investment from Ashcombe, Grosvenor, PiLabs and others.
• Industry expert Gavin Starks appointed as the new Chair of the Board.
• The funding will help Demand Logic to scale its award-winning solutions that identify and deliver carbon and energy cost savings.
• The capital injection supports Demand Logic’s ambitious growth plans to help leading players in the commercial real estate sector achieve their net zero goals.
• Demand Logic’s solutions reduce energy consumption and carbon emissions by up to 30%, and slash comfort complaints.

Today, (Wednesday, 22nd June 2022) Demand Logic successfully closed a pre-Series-A investment round led by Ashcombe and backed by Grosvenor and PiLabs. The funding also marks an important milestone in the transformation of the commercial property sector as it includes the first allocation by Grosvenor’s new Alternative Investment team, which has £65m to be deployed into European early-stage companies capable of accelerating the attainment of its ambitious environmental, social and commercial goals, alongside wider opportunities including areas such as renewable energy generation.

The funding will kick-start a new phase of growth for Demand Logic with a focus on strategic partnerships with leading players in the commercial real estate sector, helping them meet ambitious emission targets ahead of the UK’s goal to achieve net zero by 2050.

In its first post-investment move, the award-winning prop-tech firm has also announced the appointment of Gavin Starks as Chair of the Board. Gavin arrives with over 20 years entrepreneurial and C-Suite experience, including as founding CEO of the Open Data Institute, environmental intelligence company, AMEE, and net-zero data company, Icebreaker One.The injection of capital will help the company deploy its solutions to decarbonise buildings using its award-winning data-driven collaboration platform. Significantly, Grosvenor, who is already a customer and user of the platform, and is now also an investor, will be rolling out the technology further into their UK portfolio. The move indicates industry confidence in Demand Logic’s technology and capabilities which have already identified over £15m worth of energy savings for its customers. PiLabs, an original investor in the prop-tech business, have demonstrated their continued confidence following on in this latest round.

Mike Darby, Demand Logic’s CEO, said:

“This investment underlines the confidence that both the property industry and investors have in our technology as key to reducing the impact of buildings on climate change. Demand Logic is far and away the fastest route to net zero for property stakeholders. This funding, and the huge injection of domain expertise from our new Chair Gavin Starks, marks an upward change in gear for Demand Logic as we step up our intensity and determination to decarbonise the commercial real estate sector. We are now recruiting across all parts of the business, so please get in touch if you feel you have what it takes to help us.”

About his appointment, Gavin Starks said:

“Demand Logic has developed a proven, best-in-class solution for commercial property owners to radically reduce their energy bills and their emissions. Buildings account for ~40% of carbon emissions and improving their efficiency is an easy win for everyone. Given the combined pressures on energy costs, emissions reductions and creating measurable impact, this is the ideal moment to scale.”

Simon Bullivant at Ashcombe said:

“Since we first met Demand Logic we have been impressed by the huge potential the company has for transforming the built environment. We have seen that both the team and the technology have gained the trust of customers as bringing a market-leading solution to improving building performance and saving energy. We are delighted to lead on this important investment and look forward to helping the company achieve its goals.”

Andy Doyle, Innovation Director, Grosvenor Property UK commented:

“We are backing innovations that will help us answer changing business, occupier and customer needs in an era of climate change. As an investor in, and client to, high potential young businesses we can accelerate the commercial development of solutions critical to decarbonising the built environment’s impact whilst improving the range and quality of services we offer to our customers. “Demand Logic’s intelligent and simple software supports our goals of reducing carbon and cost of managing our buildings. Over our three year partnership their service levels, speed of deployment and insights as well as depth of analysis have been particularly impressive; and with the results we’ve experienced ourselves, we’re excited by the opportunity to support the business’ long-term growth.”

Faisal Butt, CEO & Founder of Pi Labs said:

“One of the obstacles hindering property owners and managers from improving the energy performance of their assets is actionable data, and we were confident that Demand Logic could be the missing piece of the puzzle when we first invested in them back in 2018. We are thrilled to see how far the team has come and I am excited that our follow-on investment in this round will see us continuing to support them in their growth journey.”

ENDS

NOTES FOR EDITORS

For more information please contact:
Rachel Garstang
Head of Corporate Communications & Stakeholder Engagement
Grosvenor
07741151327
[email protected]

Mike Darby
Chief Executive Officer
Demand Logic Limited
07415247915
[email protected]

For all press enquiries and to arrange an interview, please contact Caroline Macdonald, OggaDoon PR and Digital Media on 07970233490 or email [email protected].

Demand Logic

Demand Logic is a UK-based innovation company that provides property and building managers with an award-winning collaboration platform that has so far identified savings worth in excess of £16m. The platform provides actionable intelligence to property managers and building contractors.

Since its inception in 2007, Demand Logic’s platform has helped to reduce carbon emissions by 10%-30%, reduce comfort complaints and save on maintenance. It is the fastest technology of its kind to deploy taking under 24 hours. It is intended to deliver quantifiable benefits in a short space of time and to make the management of buildings easier.

Demand Logic uses live operational data to prioritise actions which fix faults, reduce energy and improve comfort. When Demand Logic is used as a collaboration tool in standard operating procedures then the property will run better and more profitably.

https://www.demandlogic.co.uk/
https://twitter.com/demandlogicuk/
https://www.linkedin.com/company/2729089/

Grosvenor

Grosvenor is an international organisation whose activities span urban property, food and agtech, rural estate management and support for philanthropic initiatives.

We are a values-led business which represents the Grosvenor family and share a common purpose – to deliver lasting commercial, social and environmental benefit – addressing today’s needs while taking responsibility for those of future generations.

Our UK property business began in London’s West End, where we now support c11,000 residents, c1,000 businesses and 60,000 workers every day. We also invest in and create sustainable neighbourhoods and properties across England.

As one part of a global, family-owned business we have been pioneering change and new ways of thinking about property and places for over 340 years. Thinking long term allows us to give equal weight to the environmental, social and commercial impact of everything that we do.