NEWS: AirEx secures £2.1m funding supported by Innovate UK Investor Partnerships
The AirEx Team May 2026
LONDON, UK (20th May 2026) – AirEx Technologies (AirEx) has raised a total of £2.1 million as part of a funding round supported by the Innovate UK Investor Partnerships Programme (IPP). This funding will enable the company to accelerate the large-scale deployment of its innovative solutions and support the development of new products, further advancing its mission to combat climate change and alleviate fuel poverty.
AirEx has already established strong commercial partnerships with dozens of housing providers and Tier 1 contractors, including Warmworks, Peabody, and Together Housing. The funding will also support expansion into new partnerships and broader market rollout.
The funding comes as AirEx has delivered significant impact across the UK housing sector. Over 39,000 smart air bricks have been installed to date in more than 6,400 homes, resulting in £40million lifetime energy bill savings for households experiencing fuel poverty and more than 40,000 tonnes of lifetime carbon emissions abatement.
The investment round was supported by all of AirEx’s major shareholders, including Barclays Climate Ventures, Green Angel Ventures, Bayes Entrepreneurship Fund, One Planet Capital, Nesta, and Sustainable Ventures. AirEx also welcomed Vectr7 Investment Partners as a new investor to the company.
Joe McMullen, COO of AirEx, said: "This funding allows us to move faster with our growth plans and support the development of new products. Our goal is to provide a simple solution for landlords and homeowners to reduce energy use. We are pleased to have the continued support of our investors as we work to make homes warmer and healthier for residents."
Steven Poulter, Head of Barclays Climate Ventures, said: "With this investment supporting the large-scale deployment of AirEx’s existing technology and the development of new products, the company is well placed to help reduce energy use, cut emissions and lower energy costs for households. Scaled across the country, technology like this can play an important role in upgrading and decarbonising the UK’s housing stock."
Dominic Wilson, Founder & Managing Partner of Vectr7 Investment Partners, said: “We are delighted to be supporting AirEx in their next phase of growth. Agnes, Joe and the team have already built the fundamental infrastructure to make homes warmer and more energy efficient. With the increasing risks to UK energy security, energy conservation and the corresponding environmental impact are mission critical objectives which AirEx is now well placed to execute on in the housing sector.”
Agnes Czako, CEO of AirEx, said: “Our £2.1 million raise comes at a pivotal moment, as the government’s Warm Homes Plan unlocks billions in retrofit funding and sets a clear pathway to upgrade up to 50,000 homes per year through social housing alone. This alignment along with the funding gives us a significant opportunity to scale commercially, working with local authorities and landlords to deliver faster, lower-cost energy efficiency improvements at national scale.”
