Ventive Limited - Experts & Thought Leaders

Ventive is delighted to announce that it has recently secured its next round of funding, as the company works towards delivering its all-in-one Heat Pump technology to homes across the United Kingdom (UK).  Ventive designs and manufactures intelligent heating and ventilation solutions to make buildings healthy, comfortable, efficient, and affordable. investment program The deal, led and syndicated by the deep tech and venture capital specialist EMV Capital, is an investment package provided by existing investors. The investment program will involve additional closings with new investors through to April 2024.   funding package The funding will support the completion of the design and test phase and factory build for modular heat pumps The wider funding package also includes ongoing non-dilutive funding from the £1.5 million DESNZ grant secured by Ventive in 2022, as well as a recently awarded £100,000 UK Government grant focused on ‘net zero HVAC’ systems. The funding will support the completion of the design and test phase and factory build for Ventive’s modular heat pumps, further enhancements to its passive ventilation product range, and build-up of its marketing and sales capacity to drive sales of its existing products. comprehensive solution Ventive’s passive ventilation with heat recovery systems has been delivered to over 30 schools and five leisure centers, achieving excellent air quality results.  Its heat pump product, which is in advanced stages of development, is a comprehensive solution for residential applications, with a unique modular design and a novel thermal store. Momentum is further underpinned by significant regulatory changes, increasing energy prices, and climate change policies. domestic heating solutions Rob Morrison, Managing Director of Ventive, said, “The demand for more efficient domestic heating solutions has never been greater. This need has been compounded by the threat of climate change, and the current cost of living crisis, largely caused by soaring energy bills." He adds, “We are, therefore, delighted with this first close, which will allow us to accelerate the launch of our heat pump division, and equally importantly, we welcome the continued engagement of an experienced team of active investors who have significant industry expertise.” intelligent building services systems Ed Hooper, EMV Capital Director and Investment Director at Ventive, stated, “EMV Capital is pleased to have Ventive in its growing investment portfolio. Ventive’s intelligent building services systems, which seek to dramatically reduce carbon emissions for homes, fit well with our focus on deep tech and sustainability companies with an ESG impact.”

NetScientific Plc, the deep tech and life sciences VC investment group, announces that its portfolio company Ventive has successfully closed a c.£900,000 investment.  The Investment included £316,000 from existing shareholders and the conversion of two existing convertible loans (and interest thereon) valued at c.£600,000. This is the first closing as part of Ventive’s proposed £1 million to £1.5 million investment program, with further new investment anticipated prior to 30 April 2024 in one or more additional closings. Net zero HVAC systems This additional funding is complemented by ongoing non-dilutive funding from, among other grants awarded, a £1.5 million BEIS grant secured in 2022, as well as a recently awarded £100,000 UK Government grant focused on ‘net zero HVAC’ systems. Value creation team of EMV Capital has worked with Ventive to stabilize and develop its business planThe Investment was led and syndicated by EMV Capital, the Company’s wholly-owned venture capital and corporate finance firm. It follows the initial investment led and syndicated by EMV Capital that was announced (via RNS Reach) on 20 October 2022, where EMV Capital secured an initial c.16% stake in partial settlement of its fees. Since that initial investment, the value creation team of EMV Capital has worked closely with Ventive to stabilize and develop its business plan and product range. Ventive’s modular heat pumps The proceeds of the Investment will support the completion of the design and test phase and factory build for Ventive’s modular heat pumps, further enhancements to its passive air ventilation product range, and build-up of its marketing and sales capacity to drive sales of its existing product range. The Ventive balance sheet is also streamlined following the conversion of the convertible loans. Ventive balance sheet is also streamlined following the conversion of the convertible loans Following the completion of the Investment, the total equity holding of the NetScientific group in Ventive is 11.0% on a fully diluted basis, which includes the partial settlement of its corporate finance fees relating to the Investment. This holding equates to a post-investment fair value of £893,000, a substantial increase of 1,617% from the £52,000 reported as of 31 December 2022. In addition, following the introduction of investors to Ventive by EMV Capital under its capital efficient model, NetScientific’s capital under advisory with Ventive is now 23.8% of the fully diluted share capital. Ventive's passive air ventilation system Ventive designs and manufactures intelligent heating and ventilation solutions to make buildings healthy, comfortable, efficient, and affordable. Its products address two high-priority market segments: air quality and sustainable heating. Ventive's passive air ventilation system has been delivered to over 30 schools and five leisure centers, achieving excellent air quality results. Its novel heat pump product, which is in advanced stages of development, is a comprehensive solution for residential applications, with a unique modular design and a novel thermal store. Momentum for the business is underpinned by significant regulatory changes, increasing energy prices, and climate change policies. Efforts and growth strategy planning This investment is a strong endorsement of our work, and recognition of Ventive" Rob Morrison, Managing Director of Ventive, said: “This investment is a strong endorsement of our work, and recognition of Ventive as a pioneer in the design of naturally intelligent ventilation systems to deliver fresh air at minimal energy cost. Since heat pumps are powered by electricity, a comparatively easy source of energy to decarbonize, they can play a prominent role in bringing down the environmental footprint of homes and other buildings." “EMV Capital has provided invaluable support to our fundraising efforts and growth strategy planning, and we are grateful to our shareholders for their continued support in a tough macro-economic climate.” Author's quote Edward Hooper, Executive Director of NetScientific and Investment Director at Ventive, added: “We are pleased to see Ventive close out the first tranche of this important fundraising program, which includes both fresh investment and the conversion of existing convertible loans. This transaction again demonstrates the strength of our capital-efficient investment model and the successful execution of our strategy to increase the net asset value and fair value of our business by progressing cohort portfolio companies through value creation stages, obtaining third-party investment, and providing proactive portfolio management." “We believe that this fundraising positions Ventive well for further growth and we look forward to continuing to work closely with Ventive in this rapidly growing high-impact market segment.”