FundedIQ
Energy

1Energy: Funding, Investors & Team (Sep 2026)

1Energy Group is the UK's leading independent developer, funder and operator of low-to-zero (LZC) heat networks in city centres.

1energy.uk LinkedIn Leeds, United Kingdom 11-50 employees
Energy Renewable Energy Sustainability
Total raised
$118M
Rounds
2
Latest
Undisclosed round
Oct 2025

1Energy has raised $118M across 2 funding rounds on record, the most recent an undisclosed round of $23.5M announced in Oct 2025.

That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.

1Energy Company Profile and Key Stats

Total funding raised
$118M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$23.5M in Oct 2025
Employees
11-50
reported band
Headquarters
Leeds, United Kingdom

Latest funding round on record: Oct 2025.

1Energy Funding Rounds

Date
Round
Amount
Undisclosed round
$23.5M
Undisclosed round
$94.3M

1Energy raised $94.3M in an undisclosed round announced in Nov 2024.

11 months later, an undisclosed round of $23.5M was announced in Oct 2025.

1Energy Founders and Leadership Team

Name
Role
Contact
Andrew Wettern
Founder
Jeremy Bungey
Founder

No contact details are on record for this team yet.

1Energy Funding Compared to Other Energy Startups

Segment
Companies
Median round
2,284
$15M
5,273
$4.0M

1Energy's latest round of $23.5M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like 1Energy in Energy and Leeds

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1Energy Funding FAQs

What does 1Energy do?

1Energy Group is the UK's leading independent developer, funder and operator of low-to-zero (LZC) heat networks in city centres.

How much funding has 1Energy raised?

1Energy has raised $118M across 2 rounds on record. The most recent is an undisclosed round of $23.5M announced in Oct 2025.

When did 1Energy last raise funding?

1Energy's most recent funding round on record is an undisclosed round of $23.5M, announced in Oct 2025.

Who founded 1Energy?

FundedIQ lists Andrew Wettern (Founder), Jeremy Bungey (Founder) at 1Energy.

Where is 1Energy headquartered?

1Energy is based in Leeds, United Kingdom.

How many employees does 1Energy have?

1Energy is in the 11-50 employee band.

How does 1Energy's funding compare to other Energy startups?

1Energy's latest round of $23.5M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.

About FundedIQ's 1Energy Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for 1Energy is left off this page rather than filled in.

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