Livingbridge invests in Labrador

The GP drew capital from its VCTs to fund the transaction, following which, the company will pursue an organic growth strategy.

Financial details of the transaction remain undisclosed, though the GP invested via Livingbridge Growth, which manages its Baronsmead Venture Trusts. Livingbridge Growth provides equity cheques of up to £5m.

Company
Founded in 2016, Labrador is an energy-focused software and hardware developer. It produces smart readers that analyse individuals' energy use and automatically monitor the market to ensure those customers are on the most affordable tariff.

People
Livingbridge – Steve Cordiner (investment director).
Labrador – Jane Lucy (founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Livingbridge
• Venture