Hometree is a UK-based energy efficiency startup with a mission to facilitate a smooth transition to net zero by providing sustainable home energy services. The company specializes in fixing, installing, and financing home energy hardware to assist homeowners in embracing low-carbon living. Hometree acknowledges the prevalent challenges in the UK's home heating sector, particularly the significant carbon emissions and the high costs associated with transitioning to low-carbon alternatives. The startup's approach is to offer comprehensive support to homeowners as they navigate this transition, starting with boiler and home emergency cover and expanding to include installation and financing of low-carbon home energy hardware.
Founded in 2016, Hometree has positioned itself as a crucial player in the effort to transform the way homes are heated. The company recently secured a significant £250.00M debt financing investment on 14 June 2024, with Barclays as the investor. This funding will likely fuel Hometree's expansion and enable the startup to further develop and introduce new products and services, ultimately contributing to a cleaner and brighter future for UK homeowners.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | £250.00M | 1 | 14 Jun 2024 | |
Debt Financing | £7.50M | 1 | 15 Apr 2024 | |
Series B | $46.00M | 8 | Frank Strauss | 30 Dec 2022 |
Funding Round | £12.00M | 4 | Michael Pennington | 01 Jul 2021 |
Venture Round | Unknown | 1 | 01 Feb 2019 |