The Stockton-on-Tees-based company was founded in 2016 and aims to help businesses save money by improving the information available to them regarding energy requirements and usage.
Ergo 3 plans to use the funding to hire more staff and invest in its technology infrastructure as well as to support its long-term brand, acquisition and retention strategies.
- B&C roundtable: Bridging market standards, network involvement and attracting quality brokers
- ThinCats aims to open Manchester and Glasgow offices this year
- ThinCats launches new products ahead of anticipated record year
“I started this consultancy with the aim of simplifying the whole energy-buying process, which has become far too complex,” said Chey Garland, founder and CEO at Ergo 3.
“Too many businesses are making poor decisions when sourcing their energy, so I created a way to help them.
“The funding from ThinCats will help accelerate our growth plans and increase our number of employees to more than 100.”
Ben Kimball, regional business development director for the North East at ThinCats (pictured above), added: “We believe Ergo 3 fills a genuine gap in the market, so were delighted to provide the funding to support [its] growth strategy.”
Leave a comment