
Synergy Growth
117 George Street, London, England, W1H 7HF, United Kingdom
Overview
Synergy Growth is a private tech investment fund, established in 2011 by Steve Brooks and Nat Billington. Their purpose is to make early stage investments in disruptive technologies that aim to change the way we live our lives for the better. They invest resources in exceptional entrepreneurs and teams to help accelerate their growth and bring to market their innovative ideas and products. Their current portfolio has a strong focus on clean energy production and storage, and transport, as climate change is the most pressing issue facing humanity today. They have also invested in start-ups that harness the latest technologies to alter the way they work, communicate, travel and learn, towards more efficiency and less waste.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
Investment portfolio
- BRCK
Participated · Equity · Jul 2014
BRCK makes a physically robust mobile WiFi hotspot that connects to multiple networks and is described as a back-up generator for the internet. The device was designed by the same Nairobi team behind Ushahidi, Crowdmap and the iHub. The company plans to use new funding to expand operations, increase manufacturing of inventory, develop new device designs and broaden distribution across the African continent and globally. BRCK previously raised over US$172,000 on Kickstarter in 2013 and followed with an additional US$1.2 million investment. Most recently BRCK raised US$3 million from a group of international investors. Named investors include former AOL executives Jean and Steve Case, TED, Swiss-based MKS Alternative Investments, Synergy Energy and Jim Sorenson. BRCK builds a versatile mobile router that functions as a backup internet generator, intelligently hopping between Ethernet, Wi‑Fi and available 3G/4G networks. The device includes an internal battery that can run for about eight hours when AC power fails. BRCK’s product is positioned to address unreliable connectivity across Africa and other developing regions, with a stated mission to bring internet access to billions in emerging markets. The company gained early traction with a successful Kickstarter campaign and remains independent of Ushahidi. BRCK currently employs 11 people. The team says the recent funding will help the company scale its hardware and deployment efforts across target markets. BRCK is a hardware project from the Ushahidi team that builds a battery-backed mobile router designed to connect users to the internet anywhere, even without mains electricity. The device intelligently hops between Ethernet, WiFi and available 3G/4G networks to maintain connectivity. The team describes it as a backup generator for the internet and positions it as the easiest, most reliable way to connect in low‑infrastructure environments. The project was prototyped and built in Nairobi, Kenya, and the effort has required developing local hardware expertise and tools. Financially, BRCK ran a Kickstarter campaign that surpassed its US$125,000 goal and has rewarded hundreds of backers; the campaign reported more than US$127,000 raised with around 834 backers and over 430 BRCKs already promised.
- Bboxx
Participated · Equity · Nov 2013
Bboxx Africa Ltd., operating under the PEG brand in West Africa, supplies households with access to clean and reliable energy. As of the March 2019 investment, the company had reached more than 60,000 predominantly rural, low-income households, equating to roughly 300,000 beneficiaries. With fresh working-capital support, it intends to extend service to an additional 200,000 households over the subsequent four years. The firm is executing a Gender Action Plan, launched in 2017, that promotes gender-sensitive hiring, flexible working hours and paternity-leave uptake. Its expansion strategy spans Ghana, Cote d'Ivoire and Senegal, markets that require local-currency financing to scale effectively. Financially, Bboxx Africa obtained a $15.49 million local-currency debt facility from British International Investment (BII) to fuel this growth. The transaction is fully qualified under the G7 2X Challenge, underscoring a focus on empowering women. This capital positions the company to deepen market penetration while maintaining a strong social-impact mandate across West Africa.
Team
No current team members are available.