Breathing Buildings has secured an investment of £400,000 from the Low Carbon Innovation Fund (LCIF) as part of a total funding package worth around one million pounds.
The LCIF is managed by green merchant bank Turquoise International and the investment will help Breathing Buildings to commercialise its low energy ventilation system.
Established in 2006, Breathing Buildings is a spin-out from Cambridge University. The company has developed the e-stack natural ventilation system, designed primarily for use in new buildings, which helps to reduce power bills, minimise the building's carbon footprint and provide better air quality. The company has won several awards, including being honoured as a Top 100 Sustainable Solution at Rio+20, as well as winning the 2012 Berti Green Accelerator Award.
Managing director of Breathing Buildings, Shaun Fitzgerald, said: 'With schools, supermarkets and healthcare facilities all operating the Breathing Buildings e-stack system, we are looking forward to the next stage of our growth, using the LCIF funding to expand our sales and technology offering.'
The Low Carbon Innovation Fund is a venture capital fund supported by the European Regional Development Fund (ERDF) with capital of £12.5m. The ERDF funding will be matched with over £17m private sector investment - generating a total of more than £30m of investment. The fund runs until December 2015.
