CT Investment Partners leads £1m round for SenseLogix

Capital was invested through the North West Fund for Energy and Environmental, a sub-fund of the North West Fund that is financed by the European Regional Development Fund and the European Investment Bank, and managed by CT Partners.

Existing investors Beringea provided co-investment through the Proven VCT fund and Proven Growth & Income VCT alongside NorthStar Ventures, investing through the North East Accelerator Fund.

The fresh capital will accelerate the commercialisation of the firm's technology and strengthen its sales, technical and customer service teams. The company will also create a new head office in Cheshire with the support of the latest funding.

Previous funding
In 2010, Beringea led a £1m series-A funding round for the firm, with co-investment from NorthStar. The round also included support from the Welsh Assembly Government.

Company
Based in Denbighshire, Wales, and established in 2009, SenseLogix develops energy measurement and control products to eliminate electrical waste. The firm has also designed an energy management platform that includes metering solutions, software, energy and carbon reporting tools, and energy dashboards to monitor energy use and improve operational efficiency.

SenseLogix employs 10 members of staff and plans to increase its headcount to 45 by 2015.

People
Adam Workman, a partner at CT Investment Partners and manager of the North West Fund for Energy and Environmental, has been appointed to the board of SenseLogix. The company's sales and marketing director David Hall has also joined the board.

Advisers
Equity (CT Investment Partners) – Brabners Chaffe Street (Legal).
Equity (Beringea, NorthStar Ventures) – Waston Burton (Legal).
Company – SAS Daniels (Legal).

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