7 years ago

Hometree Raises $8.5M to Expand Boiler Installation Service

  • Hometree, a London-based online-led boiler installation service, secured $8.5m in financing led by AV8 Ventures with participation from existing investors including Literacy Capital, Jon Moulton, DN Capital, LocalGlobe, Ian Nolan, and Mark Hutchinson (former CEO of GE Europe)

  • The company intends to use the funds to expand nationally over the next 18 months and move beyond boiler installations into offering a broader home services proposition, with smart home and insurance key areas the business is exploring.

      • ProblemTechnology

      "getting a new boiler installed is a pain. It's hard to compare prices, find a reputable installer, and get the work done quickly. Homeowners are often stuck with pushy salespeople, long wait times, and unexpected costs."

      Solution

      "Hometree makes getting a new boiler installed easy. You can buy a boiler online without speaking to an agent, and we'll connect you with a qualified and vetted installer. We also offer competitive pricing and transparent upfront costs."

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