HomeTree Raises £1.9M in Funding

HomeTree, a London, UK-based energy startup focused on taking the pain out of the purchase and installation of home boilers, raised £1.9m in funding.

Backers included LocalGlobe, DN Capital, Oxford Capital, FJ Labs, Jon Moulton, Ian Marchant, Ian Nolan, Oliver Pawle, and Mark Hutchinson.

Co-founded by Simon Phelan and Andreu Tobella, Hometree is launching boiler installation initially, which will be followed by a whole range of energy efficient services and products to homeowners, allowing them to take control of their energy consumption.
The company operates a boiler installation hybrid online/offline business which contracts directly with consumers and leverages registered and vetted installers across the South East of the UK.
Hometree’s offering includes online video consultations allowing homeowners to receive a video call with a Hometree-employed GasSafe expert via their mobile phone, tablet or browser, a transparent fee structure which offers a fixed rate for installation, and an online platform through which homeowners can book appointments and installation dates, receive quotes, pay online, check if they are suitable for finance and receive reminders about annual servicing dates.
The company will offer a choice of boilers from brands including Worcester Bosch, 10 year guarantees, finance options through Shawbrook Bank, annual servicing and a range of smart thermostats such as Hive and Nest.

FinSMEs

28/06/2017