What is Hometree?
Hometree provides comprehensive cover plans for homeowners and landlords, safeguarding essential home energy hardware against breakdowns. As a key entity within the Hometree Group, the company is actively contributing to its parent's mission of mitigating the climate emergency by enhancing accessibility to renewable energy solutions for millions. This strategic focus is driving the rapid expansion of the Group's product offerings, integrating a wider array of home technologies, including renewables, to meet evolving consumer and environmental demands.
How much funding has Hometree raised?
Hometree has raised a total of $449.5M across 7 funding rounds:
Angel/Seed
$2.4M
Unspecified
$3.9M
Unspecified
$8.5M
Other Financing Round
$9M
Series B
$46M
Debt
$317M
Unspecified
$62.6M
Angel/Seed (2017): $2.4M with participation from Oxford Capital Partners, LocalGlobe, DN Capital, and FJ Labs
Unspecified (2018): $3.9M led by Oxford Capital Partners, DN Capital, and LocalGlobe
Unspecified (2018): $8.5M supported by Mark Hutchinson, DN Capital, AV8 Ventures, Ian Nolan, Jon Moulton, Literacy Capital, and LocalGlobe
Other Financing Round (2020): $9M featuring Anthemis, Literacy Capital, and DN Capital
Series B (2023): $46M backed by Energy Impact Partners, Legal & General Group, and 2150
Debt (2024): $317M with participation from Barclays
Unspecified (2024): $62.6M led by CPP Investments
Key Investors in Hometree
Energy Impact Partners
Energy Impact Partners (EIP) is an investment firm dedicated to transforming the energy industry towards a decarbonized, decentralized, digitized, and electrified future. The firm collaborates with leading innovators and major energy companies to foster a cleaner and more resilient energy landscape.
2150
2150 is a venture capital firm focused on investing in technology entrepreneurs who are innovating the Urban Stack to address sustainability challenges in urban environments. The company aims to support businesses that transform how cities are designed, constructed, and powered, with a vision for a sustainable future by the year 2150.
DN Capital
DN Capital is a global early-stage venture capital firm founded in 2000, with offices in London, Berlin, and San Francisco. The firm focuses on investing in Seed, Series A, and select Series B opportunities across four key sectors: Software, AI, Fintech, and Consumer Internet.
What's next for Hometree?
The substantial enterprise-level capital infusion positions Hometree for accelerated growth and innovation. With a recent major strategic investment, the company is poised to deepen its market penetration and broaden its service portfolio, particularly in the burgeoning renewable energy sector. Future developments are likely to focus on scaling operations, enhancing customer offerings, and further integrating sustainable technologies into the home, aligning with the broader climate-focused objectives of the Hometree Group. This strategic financing will enable Hometree to solidify its leadership in the home services market while championing the transition to greener energy solutions.
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