Startup · United Kingdom
IONATE
HQ Edinburgh, United KingdomFounded 201911-50 employeesUpdated
Smart transformers at the edge.
Funding2 rounds · ~$21.0M
- Equity raised
- ~$21.0M
- Latest
- $17.0MSeries A · Feb 5, 2025
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Feb 5, 2025 | Series A | $17.0M | — | AlbionVC | In-Q-Tel, IQ Capital, JGC MIRAI Innovation Fund, Zero Carbon Capital | Reported |
| Aug 16, 2022 | Seed | ~$4.0M | — | IQ Capital | — | Reported |
- $17.0MFeb 5, 2025
- SeedLed by IQ Capital~$4.0MAug 16, 2022
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems2
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Edge smart transformers for data centers and grids are power-infrastructure technology, with no defense use stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Edge smart transformers for data centers and grids are power-infrastructure technology, with no defense use stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People4
| Person | Role |
|---|---|
| Deshawn O'Neill · LinkedIn ↗ | Founder |
| Luca Mezossy-Dona · LinkedIn ↗ | Co-Founder & Strategic Engagement |
| Matthew Williams · LinkedIn ↗ | Founder & CEO |
| Roberto Ricci · LinkedIn ↗ | Co-Founder, Chief Financial Officer |
Sources8
Profile2
- 1
PitchBook · Supports Organization · employee range, Organization · founded year, Organization · linkedin url, Organization · x url
“employee_range: 11-50 (profile: 43)”
- 2
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "UK", "hq_iso2": "GB", "id": "6188a9af-8704-4868-ac8e-c6d736450250"}”
Systems1
- 3
IONATE · Supports Organization · description, Organization · name, Organization · website, System
“Smart transformers at the edge. AI coordination across the system.Unlock radically efficient, adaptable, resilient power in data centers and grids.”
Funding4
- 4CompanyIONATE raises $17m Series A
IQ Capital · Feb 5, 2025 · Supports Funding round · amount, Organization · ownership
“IONATE is proud to announce the closing of its Series A fundraising led by AlbionVC”
- 5
ESG Today · Feb 5, 2025 · Supports Funding round · amount
“announced that it has raised $17 million in a Series A round”
- 6
EU-Startups · Feb 5, 2025 · Supports Funding round
“has raised €16.3 million in a Series A funding round”
- 7
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · linkedin url
“funding round: Seed Round, 2022-08-16, GBP 3,300,000, lead: IQ Capital”
People1
- 8
Crunchbase · Supports Organization · employee range, Organization · hq city, Organization · linkedin url, Organization · x url, Role
“employee_range: 11-50 (profile: 11-50)”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.