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Hometree: UK residential energy services including boiler cover, repairs, renewable installations like heat pumps and solar, plus financing for homeowners.
Hometree, based in London, UK, provides comprehensive technology-enabled residential energy services, encompassing boiler/home emergency cover, plumbing, electrical repairs, and maintenance plans. It has expanded into renewable energy installations like heat pumps and solar panels, offering crucial financing solutions for homeowners to decarbonise and reduce energy costs. The company serves over 100,000 customers with a UK-wide network of 5,000 multi-trade engineers and over 250 employees. Hometree has raised over £85 million in equity funding from prominent investors such as BlackRock, Legal & General Capital, and Energy Impact Partners, complemented by debt facilities. Recent strategic acquisitions include Geowarmth, The Little Green Energy Company, and financing platform BeWarm. Founded in 2015 by Simon Phelan, the experienced leadership team includes Chairman Tommy Breen and COO Carla Stockton-Jones.
Hometree has raised $457.3M across 8 funding rounds.
Hometree has raised $457.3M in total across 8 funding rounds.
Hometree has raised $457.3M in total across 8 funding rounds.
Hometree's investors include Barclays, 2150, BlackRock, Anthemis, Puma Growth Partners, Harold Mechelynck, Sir Alex Ferguson, Literacy Capital, Cavalry Ventures, FJ Labs, Northzone, Rikard Steiber.
Hometree is a UK-based residential energy services company focused on accelerating the decarbonisation of homes. It provides comprehensive home emergency and boiler cover plans, alongside renewable energy installations and financing solutions. Serving tens of thousands of UK homeowners and landlords, Hometree addresses the high upfront costs and fragmented market barriers that have traditionally hindered widespread adoption of domestic renewable energy technologies such as heat pumps and solar panels. The company has grown rapidly, covering over 100,000 homes and building a nationwide network of more than 5,000 engineers and installers, supported by significant capital raises including £250 million from Barclays and additional funding from CPP Investments[1][2][3][4].
Founded in 2015 by an entrepreneur with a private equity background, Hometree began as a challenger brand in home emergency breakdown cover, started from a bedroom in Islington, North London. The founder identified an opportunity to disrupt incumbent players by leveraging digital tools and recurring revenue models in home services. Over time, the company expanded its focus to include renewable energy installations and financing, responding to the growing demand for affordable, sustainable home energy solutions. Key milestones include surpassing 100,000 customers, establishing a large network of skilled tradespeople, and securing substantial investment to scale green home energy adoption[1][3].
Hometree is riding the global trend toward decarbonisation and home energy decentralisation. The UK’s net-zero targets and rising energy costs create a timely market environment favoring scalable, integrated solutions for residential energy transition. By addressing both the financial and logistical challenges of adopting renewable technologies, Hometree is pioneering a new residential energy services model that blends digital innovation with on-the-ground expertise. This positions the company as a key enabler in the shift to low-carbon, affordable home energy, influencing the broader ecosystem by setting new standards for service integration and customer accessibility[1][3][4].
Looking ahead, Hometree is poised to expand its product suite and deepen its market penetration, helping tens of thousands more UK homeowners transition to net-zero energy use. Trends such as increasing government support for green home upgrades, advances in renewable technologies, and growing consumer environmental awareness will shape its trajectory. The company’s ability to integrate installation, maintenance, and financing under one roof gives it a competitive edge to lead the residential energy services sector. As the home energy ecosystem becomes more digital and decentralized, Hometree’s influence is likely to grow, potentially serving as a blueprint for similar markets internationally[1][3][4].
Hometree has raised $457.3M across 8 funding rounds. Most recently, it raised $65.4M Debt in October 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 16, 2024 | $65.4M Debt | ||
| Jun 14, 2024 | $319.2M Debt | Barclays | |
| Apr 12, 2023 | $46.0M Series B | 2150 | |
| Oct 10, 2020 | $9.3M Other Equity | BlackRock, Anthemis | |
| Sep 1, 2018 | $9.0M Series A | Puma Growth Partners, Harold Mechelynck, Sir Alex Ferguson | |
| Jan 9, 2018 | $3.9M Other Equity | Literacy Capital | |
| Jun 28, 2017 | $2.5M Other Equity | ||
| Jun 1, 2017 | $2.0M Seed | Cavalry Ventures, FJ Labs, Northzone, Rikard Steiber |