xWatts has raised £1.6m seed funding to slash non-domestic energy waste.

The London startup is described as an intelligent energy management platform and has tripled revenues over each of the past two years.

xWatts focuses on complex estates with heavy energy loads, such as healthcare, universities and industry. It connects directly to on-site energy systems and builds real-time digital models of each facility and automatically adjusts assets.

The funding was led by Cambridge Enterprise Ventures alongside Cambridge Angels, Parkwalk and R42. It will be used to expand around Europe.