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Witt

Witt
2010 FOUNDED
PRIVATE STATUS
1-10 EMPLOYEES
Angel LATEST DEAL TYPE
$3.7M LATEST DEAL AMOUNT
4 INVESTORS
Description

Developer of an energy harvesting technology designed to convert motional energy into electricity. The company's energy harvesting technology has the capacity to turn all motion from water, human, wind, vehicle and animal into power using a 3D pendulum which drives the transmission system enabling energy companies to turn motion from sea, river, tidal, wind and vehicle into electricity.

Ownership Status
Privately Held (backing)
Financing Status
Angel-Backed
Primary Industry
Other Equipment
Other Industries
Other Energy
Primary Office
  • Scott Building
  • Plymouth Science Park, Devon
  • Plymouth PL21 9NZ
  • England, United Kingdom

+44 01752 000000
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Witt Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Angel (individual) 25-May-2016 $3.7M 00.000 0000 Completed Startup
4. Grant 01-Jan-2015 00.000 00000 Completed Startup
3. Angel (individual) 31-Jul-2014 00000 00000 000.00 Completed Startup
2. Angel (individual) 03-Jul-2013 $86.8K $244K 00.000 Completed Startup
1. Angel (individual) 28-Jun-2012 $157K $157K 00.00 Completed Startup
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Witt Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
B Investment 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
A Ordinary 0,000,000 00.000000 00.00 00.00 00 00.00 00.00
Ordinary 3 000,000 00.000000 00.00 00.00 00 00.00 0.000
Ordinary 2 146,000 $0.001450 $0.56 $0.56 1x $0.56 0.94%
Ordinary 1 1,313,000 $0.001450 $0.11 $0.11 1x $0.11 8.43%
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Witt Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Innovate UK Government 000 0000 000000 0
Ocean exchange Other 000 0000 000000 0
Shell Springboard Not-For-Profit Venture Capital 000 0000 000000 0
University of Glasgow Endowment Limited Partner Minority 000 0000 000000 0

Witt Executive Team (3)

Name Title Board
Seat
Contact
Info
Mairi Wickett Co-Founder, Managing Director & Chief Executive Officer
Martin Wickett Co-Founder & Chief Technology Officer
Nicholas Gill Financial Director & Corporate Advisor

Witt Board Members (1)

Name Representing Role Since Contact
Info
James Burnell-Nugent Witt Chairman 000 0000