About Hometree
Hometree is a company based in London (United Kingdom) founded in 2016 by Simon Phelan.. Hometree has raised $267.65 million across 12 funding rounds from investors including Barclays, SVB and BlackRock. The company has 59 employees as of March 31, 2022. Hometree has completed 3 acquisitions, including BeWarm, IMS Heat Pumps and TLGEC. Hometree offers products and services including Boiler Cover, Home Emergency Cover, New Boiler Installations, and Green Installs. Hometree operates in a competitive market with competitors including OVO Energy, Urban Jungle, Furbnow, Ondo and Heatio, among others.
- Headquarter London, United Kingdom
- Employees 59 as on 31 Mar, 2022
- Founders Simon Phelan
- Stage Minicorn
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Sectors
Energy & UtilitiesFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Hometree Marketplace Limited
- Date of Incorporation 03 Oct, 2015
- Jurisdiction LONDON, ENGLAND
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Products & Services of Hometree
Hometree offers a comprehensive portfolio of products and services, including Boiler Cover, Home Emergency Cover, New Boiler Installations, and Green Installs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers repair and maintenance for gas boilers with unlimited claims.
Provides fixes for plumbing, electrics, and home security issues.
Handles installation of energy-efficient boilers with financing options.
Includes heat pumps and solar panels for sustainable home upgrades.
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Funding Insights of Hometree
Hometree has successfully raised a total of $267.65M across 12 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $65.09 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Debt – Conventional — $65.1M
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First Round
First Round
(10 Jul 2016)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2024 | Amount | Debt – Conventional - Hometree | Valuation |
investors |
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| Jun, 2024 | Amount | Debt – Conventional - Hometree | Valuation |
investors |
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| Apr, 2024 | Amount | Debt – Conventional - Hometree | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Hometree
Hometree has secured backing from 37 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Barclays, SVB and BlackRock. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is provided for urban tech sustainability solutions.
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Venture capital firm backed by CEZ Group
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hometree
Hometree has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include BeWarm, IMS Heat Pumps and TLGEC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Kitchen appliances are manufactured by BeWarm in the UK.
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2018 | ||||
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Solar-powered products are manufactured for energy applications.
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2010 | ||||
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IMS Heat Pumps is recognized as a specialist in renewable energy installations.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hometree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hometree Comparisons
Competitors of Hometree
Hometree operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OVO Energy, Urban Jungle, Furbnow, Ondo and Heatio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Renewable energy is supplied via app-based platform by OVO Energy.
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| domain | founded_year | HQ Location |
Online home contents insurance platform for renting and sharing individuals
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| domain | founded_year | HQ Location |
Home energy efficiency upgrades are planned and managed end-to-end.
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| domain | founded_year | HQ Location |
Ondo is focused on claim prevention technology for insurers.
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| domain | founded_year | HQ Location |
Renewable energy management and monitoring system
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hometree
Frequently Asked Questions about Hometree
When was Hometree founded?
Hometree was founded in 2016.
Where is Hometree located?
Hometree is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Hometree?
Simon Phelan is the current CEO of Hometree. They have also founded this company.
Is Hometree a funded company?
Hometree is a funded company, having raised a total of $267.65M across 12 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $83M, raised on Jul 10, 2016.
How many employees does Hometree have?
As of Mar 31, 2022, the latest employee count at Hometree is 59.
What does Hometree do?
Founded in 2016 and based in London, United Kingdom, Hometree operates as a provider of an online platform focused on home insurance. Coverage is extended to landlords, multi-property owners, gas fire protection, boilers, central heating, fuel, and controls. Claims handling and emergency services are also managed. Assistance is given to homeowners for adopting low-carbon technologies, including the installation and financing of heat pumps, solar panels, and batteries.
Who are the top competitors of Hometree?
Hometree's top competitors include OVO Energy, Urban Jungle and Ondo.
What products or services does Hometree offer?
Hometree offers Boiler Cover, Home Emergency Cover, New Boiler Installations, and Green Installs.
How many acquisitions has Hometree made?
Hometree has made 3 acquisitions, including BeWarm, IMS Heat Pumps, and TLGEC.
Who are Hometree's investors?
Hometree has 37 investors. Key investors include Barclays, SVB, BlackRock, eve sleep, and CPP Investments.
What is Hometree's valuation?
The valuation of Hometree is $43.48M as of Mar 2022.
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