London tech start-up Hero Labs has announced it has secured £2.5 million in seed funding.
The funding is led by Earthworm Group, an environmental fund manager, with further support from a £300,000 EU innovation grant and private investors. This funding will allow Hero Labs to accelerate development of its first flagship product, Sonic.
Hero Labs was created to helps prevent water leaks in UK properties. It’s product, Sonic, is the UK’s first smart leak defence system. Sonic will not only be able to prevent fresh water from being wasted through leaks, but the app will also help people conserve water by giving them helpful hints and tips about which appliances are using the most water, so they can make greener decisions.
Headquartered in London, Hero Labs was founded in September 2018 and has ambitious plans to install its cutting-edge tech into thousands of properties in the UK in next two years.
Krystian Zajac founded Hero Labs in 2018, following launching the UK’s first smart home insurer, Neos, which Aviva took a majority share in at the end of 2018.
Krystian Zajac, founder and CEO of Hero Labs, says, “This funding marks a successful first chapter for Hero Labs. Having Earthworm Group as our leading investor is a great fit for us, as it only invests in businesses who are a force for social good or benefitting the environment.
“Our mission at Hero Labs is to solve real-life problems through tech, and combatting water leaks with Sonic is just the tip of the iceberg. This will allow us to bring even more solutions to consumers and businesses.”
Alongside the funding, Head of Projects and Partnerships at Earthworm, Will Brocklebank, will be joining the board at Hero Labs.