Chepstow-based enModus has secured £3m in Series A funding from three main investors including one of the UK’s largest shopping centre owners, intu.
The firm, which owns the Trafford Centre, Metrocentre and Lakeside, has made a significant investment in enModus alongside Breed Reply, an active operational investor for early stage companies in the Internet of Things, and Finance Wales.
EnModus has developed powerline technology which enables property owners to control, monitor and connect to the internet anything that is mains powered in a building at a fraction of the cost of existing solutions. Its patented technology, Wattwave, can transform any industrial, commercial or retail property into a smart building, simply by connecting all devices to the cloud via the existing power line.
Launched in 2010, enModus specialises in Smart Light Control and Building Energy Management. 
The £3m in Series A funding, which brings total investments to date to £9m, will help the company accelerate its growth across Europe, North America, Asia-Pacific and beyond. Already boasting global customers including Volvo, the 16-strong start-up aims to double staff numbers in its engineering and commercial teams within the next 18 months.
Andy Heaton, founder and CEO of enModus, said: “This is an exciting moment for enModus. Having intu, such a key player in commercial real estate, joining our key investors and supporting enModus, is a validation that our technology is the best fit for safer and smarter buildings and that we provide our customers with a platform that helps them manage their energy efficiency priorities in the most effective way.
“The completion of our A round with the funding and support of intu, Breed Reply and Finance Wales is a real game-changer. It will allow us to rapidly grow our customer base across multiple regions.”