News - Midlands
Utility Exchange gets funding for expansion
Utility Exchange has secured investment funds to kick-start its expansion plans. The Derby-based business helps companies compare the price of competing energy providers. This first round of funding will allow the company to invest in its proprietary software; the company will pursue a second round of funding for a further £400,000 later in the year. The investment was made by the East Midlands Early Growth Fund with business support from Connect Midlands, both of which are funded by emda. Legal support was provided by Geldards.