NEFer Energy Start-Up Raises £2.9m


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Energy start-up Hometree, founded by NEFer Simon Phelan (Class of 2012), has raised £2.9m from a funding round featuring a series of top investors.

Simon was on the NEF Class of 2012 (the first cohort to go through the programme) where he worked at Better Capital LLP.

Simon Phelan

 

Hometree is the UK ‘s industry’s first digitally-led boiler installation company,  offering energy-efficient and cost-saving new domestic gas boilers.

Investors in the current round include some of the UK’s biggest technology investors, including Saul Klein’s LocalGlobe and DN Capital.

Simon stated:


“We’re thrilled that without even looking for new money we have attracted investment from some of the City’s most experienced investors and business leaders with exceptional operating experience at the highest levels […] we have grown rapidly in our first trading year, but this fresh injection of capital will enable us to scale faster than we anticipated.”