8 years ago
Hometree Secures £1.9 Million to Expand Boiler Installation Service
Hometree, a London-based energy startup, has raised £1.9 million in funding from LocalGlobe, DN Capital, Oxford Capital, FJ Labs, and Better Capital founder Jon Moulton
The company intends to use the funds to expand operations and its business reach
Hometree leverages technology to offer a boiler installation service at prices typically 35%-50% cheaper than industry incumbents
The company sells online, cuts out unnecessary costs, and utilizes an online platform for bookings, quotes, payments, and financing.
ProblemTechnology
"Boiler installation is expensive, with prices typically being 35%-50% higher than necessary. This is due to unnecessary costs like home surveys and boiler sales people."
Solution
"Hometree offers a cheaper alternative by selling online and using video consultations with Gas Safe experts. This allows them to cut out unnecessary costs and offer lower prices to homeowners. They also have an online platform where homeowners can book appointments, receive quotes, pay online, arrange finance and receive reminders about servicing."
