London's Metris Energy raises $5m seed round to expand its renewable asset software beyond solar
Updated: 7 days ago
Metris Energy, whose founder spent three years assessing energy technology companies as a venture investor, has raised a seed round that includes her former employer. The round backs software that makes existing renewable energy assets easier to run, rather than new generation capacity.
Metris Energy, a London company that builds software for owners and operators of renewable energy assets, has raised a $5m seed round, according to announcements reported on 21 September 2026 by Tech.eu, EU-Startups and Tech Funding News. The round takes its total funding to 7.5 million dollars, including an earlier pre-seed round of 2 million dollars.
The investors are PT1 Ventures, Octopus Ventures, AENU and Blackfinch Ventures, with Plug and Play and Love Ventures also taking part. Reports differ on who led: Tech Funding News says PT1 Ventures led the round, while Tech.eu and EU-Startups list all four firms as leads.
What the Metris Energy seed round pays for
Metris pulls data from the equipment and systems that sit around an energy asset into a single record. That includes inverters (the devices that convert solar power into electricity the grid can use), meters, SCADA systems (the control software that monitors industrial equipment remotely), customer databases and billing tools. Owners then see performance, faults and income for a whole portfolio in one place.
Alongside the funding, the company launched Metria AI, a software agent that diagnoses equipment faults and prepares work orders for engineers. The reports put the platform at more than 10,000 solar plants and 500 megawatts of capacity under management, with revenue up eightfold year on year. Tech Funding News reports a team of 15.
The new money is for extending the platform from solar into wind, combined heat and power and, according to Runtime Wire, battery storage, and for expansion in Germany, which Tech Funding News describes as the largest solar market in Europe.
Sources also disagree on the company's age. Tech.eu and EU-Startups say Metris launched in 2025. Tech Funding News says the founders started it in 2023, and Runtime Wire reports that Natasha Jones incorporated the company in London on 20 June 2023 and launched its first commercial solar product in January 2024. No company statement was available to settle the point.
From investor to founder
Jones co-founded Metris with William Whatley, a software engineer and serial entrepreneur. Before that she spent three years as an investor at Octopus Ventures looking at energy technology companies, and earlier worked in algorithmic trading at Credit Suisse, according to Tech Funding News and Runtime Wire. "I wanted to invest in energy tech companies shaping the future, but after three years I realised no one was building what I wanted," she told Tech Funding News.
A former employer backing a departing investor is a strong signal at seed stage, because that firm has seen the founder's judgement at close quarters.
The company is not short of competition. Runtime Wire notes that Power Factors, an established asset management software provider, reports 310 gigawatts across more than 600 customers. Metris is betting that combining technical, contract, billing and market data in one system will win customers that incumbent tools serve in separate pieces.
Why this matters for UK founders
The round went to a business with traction that can be counted in plants and megawatts, not only in software users, and it was backed by six investors, one of them the founder's former employer. For founders in energy and industrial software, that is the useful detail: the AI agent arrived on top of a working data product with paying customers, not in place of one. The open question is whether an early-stage company can win large portfolio owners from established providers before those providers add similar AI tools of their own. For broader context on the UK funding market this year, see the August figures showing the UK as Europe's top fundraising market.
Key takeaways
Metris Energy, a London renewable asset software company, has raised a $5m seed round, taking total funding to 7.5 million dollars.
PT1 Ventures, Octopus Ventures, AENU and Blackfinch Ventures invested, with Plug and Play and Love Ventures; reports differ on whether PT1 led alone.
The platform manages more than 10,000 solar plants and 500 megawatts, and the money funds a move into wind, combined heat and power and Germany.
Founder Natasha Jones was an investor at Octopus Ventures for three years before starting the company, and Octopus is now among its backers.
Sources
Frequently asked questions
How much has Metris Energy raised?
Metris Energy raised a $5m seed round, reported on 21 September 2026. That takes its total funding to 7.5 million dollars, including an earlier pre-seed round of 2 million dollars.
Who invested in the Metris Energy seed round?
The investors are PT1 Ventures, Octopus Ventures, AENU and Blackfinch Ventures, with Plug and Play and Love Ventures also taking part. Reports differ on who led: Tech Funding News says PT1 Ventures led, while Tech.eu and EU-Startups list all four firms as leads.
What does Metris Energy's software do?
Metris pulls data from inverters, meters, SCADA systems, customer databases and billing tools into a single record, so owners see performance, faults and income across a portfolio in one place. It also launched Metria AI, an agent that diagnoses equipment faults and prepares work orders for engineers.
What will Metris Energy use its seed funding for?
The money will extend the platform from solar into wind, combined heat and power and, according to Runtime Wire, battery storage. It also funds expansion in Germany. The platform already covers more than 10,000 solar plants and 500 megawatts of capacity.
Who founded Metris Energy?
Natasha Jones co-founded Metris Energy with William Whatley, a software engineer and serial entrepreneur. Jones previously spent three years as an investor at Octopus Ventures, which is now among the company's backers.
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