xWatts was founded by Yigit Akar, Alex Allen, Alexander A..

Who are xWatts's investors?

xWatts's investors include Antler, R42, Cambridge Angels group, Plug and Play Ventures.

xWatts

7 known investors

Find your way into xWatts

565 people in our graph share verified history with the xWatts team — schools, employers, funds. One of them is your warm intro.

Adam Shuaibunlockedknows Yigit Akar · together at University of Cambridge (overlapped)

knows the team · via University of Cambridge

×5knows the team · via Boğaziçi University

×3knows the team · via Plug and Play Ventures

×2knows the team · via Antler

xWatts is an intelligent energy management platform that connects to building energy systems, models facilities in real time, and automatically optimizes assets like HVAC, solar, and CHP engines to reduce energy costs and emissions in large, complex estates and industrial facilities. It targets operators of complex real estate and industrial sites seeking decarbonisation with rapid return on investment.

Cleantech Climate Tech Energy Enterprise Software PropTech

Founders & leadership

Yigit Akar inCo-founder & CEOYigit Akar holds an MBA from Cambridge and has worked as a project manager at a major European renewable energy company and in leadership roles at Cambridge-based startups, with prior background in electronics engineering and Six Sigma certification.

Alex AllenCo-founder & CPO

Alexander A.inCo-FounderAlexander A. is founder of xWatts, a University of Cambridge spinout building energy optimization software. He holds a Master's degree in Computer Science from the University of Bath and a Master's degree from the University of Cambridge focused on building energy simulations, with 12+ years of engineering and management experience at organizations including GE Renewable Energy, Bombardier, Vinci Energies, and United Utilities.

Investors · 7

Antler✓ verifiedSingapore · $3M – $10M

R42✓ verifiedPalo Alto

Cambridge Angels groupCambridge · $195K – $1.9M

Plug and Play VenturesreportedSunnyvale · $50K – $12M

Also in the syndicate · 3

Cambridge AngelsCambridge Enterprise VenturesleadParkwalk

Funding

SEC filings, press & company announcements

Undisclosed amountSeedFeb 2026
Cambridge Enterprise Ventures (lead), Cambridge Angels, Parkwalk, R42
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Companies House · registry record

View on Companies House ↗

Confirmation statement overdue

Registered name: XWATTS LTD
Company number: 14271436
Status: Active
Company type: Private limited company
Incorporated: 2 Aug 2022
Registered office: The Bradfield Centre, 184 Cambridge Science Park, Milton Road, Cambridge, CB4 0GA
Nature of business (SIC): 62012 — Business and domestic software development71129 — Other engineering activities72190 — Other research and experimental development on natural sciences and engineering
Accounts: last made up to 31 Aug 2025 · next due 31 May 2027
Confirmation statement: last made up to 1 Aug 2025 · next due 15 Aug 2026

Current officers · 4

Yigit Akar — director, appointed 2 Aug 2022
Alexander Allen — director, appointed 2 Aug 2022
Malcolm Arthur Brinded — director, appointed 1 Jan 2024
Alexander Chilvers — director, appointed 28 Apr 2026

Source: Companies House public register · retrieved 30 Aug 2026. Contains public sector information licensed under the Open Government Licence v3.0.

In the news

xWatts Raises £1.6M in Seed Funding | The SaaS Newsthesaasnews.com · Feb 2026

Frequently asked questions

What does xWatts do?: xWatts is an intelligent energy management platform that connects to building energy systems, models facilities in real time, and automatically optimizes assets like HVAC, solar, and CHP engines to reduce energy costs and emissions in large, complex estates and industrial facilities. It targets operators of complex real estate and industrial sites seeking decarbonisation with rapid return on investment.
Who founded xWatts?: xWatts was founded by Yigit Akar, Alex Allen, Alexander A..
Who are xWatts's investors?: xWatts's investors include Antler, R42, Cambridge Angels group, Plug and Play Ventures.