Hometree Raises £1.9M in Funding

Hometree, a London, UK-based energy startup, raised £1.9m in funding.

Backers included LocalGlobe, DN Capital, Oxford Capital, FJ Labs, and Better Capital founder Jon Moulton.

The company intends to use the funds to expand operations and its business reach.

Led by Simon Phelan, CEO, Hometree Hometree is a company leveraging technology to deliver a boiler installation service at prices typically 35%-50% cheaper than industry incumbents. It does so by selling online, cutting out unnecessary costs like home surveys and boiler sales people through the use of video consultations with Hometree Gas Safe experts, and through an online platform where homeowners can book appointments and installation dates, receive quotes, pay online, arrange finance and receive reminders about servicing.



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