Skewb secures major funding to supercharge growth

Skewb, a leading provider of consultancy and digital transformation services and products to the energy and water sector, has announced a significant £6.25 million investment from BGF. The funding will support Skewb’s continued growth, as it looks to expand its suite of products, and its consultancy and transformation services, to meet the demands of an expanding customer base.

The business has seen significant financial momentum to date, growing revenue almost fourfold over the last three years. The business works alongside a large number of UK utilities and engineering partners, and employs 170 people (or ‘Skewbers’ as they’re known) from its headquarters in Warwick.

Skewb was founded in 2018 by husband and wife team Shashi and Indu Seshadri. It has since built a strong reputation for enabling water and energy companies to tackle key challenges and achieve operational efficiencies.

In the last 18 months, Skewb has developed proprietary software and services covering several business process areas. These include connections, developer services, water leakage, water demand, net zero, operate and maintain, as well as emergency and repair, which enable customers to outperform targets, comply with obligations, be cost-efficient, and embrace technology effectively to create an overall better customer experience.

The deal was led by Nick Holder, David Bellis and Kyle Long – investors in BGF’s Midlands team.

Commenting on the deal, Skewb Co-Founder and CEO Shashi Seshadri, said: “In a short space of time we have exceeded our growth ambitions. From a standing start, we have consistently enabled multi-million pound efficiencies for our utility customers. Our focus has always been on doing the right thing – always delivering for our customers, and continually investing in our Skewbers. These are the core ingredients to execute a compelling growth strategy.”

As part of the investment, an independent non-executive chair will be appointed through BGF’s Talent Network – one of the largest groups of board-level non-executives in the UK and Ireland.

BGF investor Nick Holder, who will join the Skewb board, commented: “Skewb is helping to drive business efficiencies across the water and energy sector in an innovative and transformative way, translating the vast experience of the team to deliver exceptional results for its clients.”

“We look forward to supporting Skewb as it continues on its impressive growth journey, enabling it to seize opportunities and put its stamp on an industry calling out for a dynamic and exciting business such as this.”