Cassington, Oxfordshire - Mixergy Ltd., a UK-based Appliances, Electrical, and Electronics Manufacturing company founded by Pete Armstrong has raised $11,326,000 in a new funding round led by Nesta, Oxford Science Enterprises, Kiko Ventures, EDP Ventures, Foresight Group, and Centrica.

Mixergy develops smart and connected hot water tanks which enable households to live better, save money, and reduce their impact on the environment. Their innovative approach to hot water allows them to provide cost-effective and convenient solutions which help people live more sustainably.  Alongside the mass-market deployment of their smart hot water tanks in the UK and overseas, they are also the first to intelligently connect a decentralized digital network of tanks that can provide flexibility to the grid and support the clean energy transition.  As they look ahead to 2030, their goal is to provide a clear path to transition from fossil fuel heating to low and zero-carbon alternatives enabling them to achieve their vision of making hot water cheaper greener, and better for all.

 “This new funding round represents an exciting opportunity for us here at Mixergy," said Pete Armstrong founder & CEO of Mixergy Ltd. "We are delighted that our investors have seen value in our mission of creating energy-efficient appliances with renewable technology that can benefit everyone."