Raise will help expand ‘decarbonisation’ financial services
IN BRIEF:
Hometree is an energy startup providing financing to upgrade people's homes with sustainable services
The company offers home cover insurance as well as financing for decarbonisation services, allowing homeowners to install, manage and finance renewable energy solutions
The oversubscribed round was led by Legal & General Capital, 2150 & Energy Impact Partners
What does this mean?
“This funding round and acquisition of BeWarm marks a significant new chapter for Hometree, enabling us to deliver on our long-held vision of building the leading residential energy efficiency platform across Europe,” said Simon Phelan, CEO of Hometree. “The recent energy crisis has shown that we can’t remain reliant on foreign gas to heat and power our homes, and Hometree has a key role to play in helping homeowners transition to a more safe, stable and affordable energy system.”
