Hometree - About the company
Hometree is a series B company based in London (United Kingdom), founded in 2016 by Simon Phelan. It operates as a Provider of an online platform for home insurance. Hometree has raised $268M in funding from investors like Literacy Capital, Frontline Ventures and Anthemis Group, with a current valuation of £*****. The company has 10 active competitors, including 5 funded and 2 that have exited. Its top competitors include companies like OVO Energy, Urban Jungle and Heatio.
Company Details
Provider of an online platform for home insurance. It offers coverage for landlords, multi-property, gas fire protection, gas boiler, central heating, fuel, and controls. It also offers claims and emergency services. Company helps homeowners transition to low carbon living by installing and financing new low-carbon solutions like heat pumps, solar panels, and batteries.
- Website
- hometree.co.uk
- Social
- Email ID
- *****@hometree.co.uk
- Phone Number
- +44 **********
Key Metrics
Founded Year
2016
Location
London, United Kingdom
Stage
Series B
Total Funding
$268M in 12 rounds
Latest Funding Round
Post Money Valuation
£***** as on Dec 20, 2022
Investors
Ranked
2nd among 10 active competitors
Employee Count
130 as on Jun 30, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Hometree
Hometree is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
HOMETREE SERVICES LIMITED CIN: 12535561 , United Kingdom, Active | Mar 25, 2020 | - | 1 (As on Mar 31, 2024) | |
HOMETREE MARKETPLACE LIMITED CIN: 09808066 , United Kingdom, Active | Oct 02, 2015 | - | 59 (As on Mar 31, 2022) |
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Hometree's funding and investors
Hometree has raised a total funding of $268M over 12 rounds. Its first funding round was on Jul 10, 2016. Its latest funding round was a Conventional Debt round on Oct 17, 2024 for $*****. 1 investor participated in its latest round. Hometree has 30 institutional investors and 30 angel investors.
Here is the list of recent funding rounds of Hometree:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 17, 2024 | 6444653 | Conventional Debt | 7723899 | 2000385 | 5901977 | 6250552 |
Jun 14, 2024 | 3138870 | Conventional Debt | 1300631 | 7951663 | 8327275 | |
Apr 15, 2024 | 7582864 | Conventional Debt | 1965942 | 2781225 | 2511911 |
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Hometree's founders and board of directors
Founder? Claim ProfileThe founders of Hometree is Simon Phelan. Simon Phelan is the CEO of Hometree.
Here are the details of Hometree's key team members:
- Simon Phelan: Co-Founder & CEO of Hometree and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address
Hometree's Board of Directors
Hometree's board has 2 active members. Andreu Tobella and Simon Phelan are part of team.Here is the list of Hometree's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 3m | |
Team | - | Current | 10y 9m | |
ivtthdu | Independent board member | - | Past | 7y 2m |
View details of Hometree's Founder profiles and Board Members
Hometree's employee count trend
Hometree has 130 employees as of Jun 26. Here is Hometree's employee count trend over the years:
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Hometree's Competitors and alternates
Top competitors of Hometree include OVO Energy, Urban Jungle and Heatio. Here is the list of Top 10 competitors of Hometree, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | OVO Energy 2009, Bristol (United Kingdom), Acquired | Provider of residential electricity and natural gas supply utility services | $258M | 83/100 | |
2nd |  Hometree 2016, London (United Kingdom), Series B | Provider of an online platform for home insurance | $268M | 65/100 | |
3rd |  Urban Jungle 2016, London (United Kingdom), Series A | Online home contents insurance platform for renting and sharing individuals | $55.1M | 56/100 | |
4th | Heatio 2022, Liverpool (United Kingdom), Seed | Renewable energy management and monitoring system | $2.53M | 43/100 | |
5th | Buzzvault 2013, London (United Kingdom), Seed | Home insurance and management platform | $8.8M | 41/100 | |
6th |  NHBC 1936, Milton Keynes (United Kingdom), Acquired | Provider of home insurance and warranty services | - | - | 41/100 |
7th |  Furbnow 2022, Birmingham (United Kingdom), Seed | Provider of home energy efficiency upgrade planning and management services | $1.21M | 35/100 | |
8th | Fornax Energy 2022, London (United Kingdom), Funding Raised | Company that offers a clean heating subscription service, specializing in air source heat pump systems for homeowners, aiming to modernize home heating while reducing carbon footprint | - | 24/100 | |
9th |  Heatly 2022, Richmond (United Kingdom), Unfunded | Business management software for heat pump installers | - | - | 24/100 |
10th | rivrcover 2022, London (United Kingdom), Unfunded | Provider of an online platform for home insurance | - | - | 18/100 |
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Hometree's Investments and acquisitions
Hometree has acquired 3 companies including IMS Heat Pumps, TLGEC and BeWarm. Hometree has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 10, 2024 | Acquisition | 1997 | Dronfield (United Kingdom) | |
Apr 17, 2024 | Acquisition | 2010 | Marden (United Kingdom) | |
Apr 12, 2023 | Acquisition | 2018 | London (United Kingdom) |
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Reports related to Hometree
Here is the latest report on Hometree's geography:
News related to Hometree
Filter this listMedia has covered Hometree for a total of 2 events in the last 1 year.
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E.ON SE announces acquisition of UK energy supplier OVOWebDisclosure•May 11, 2026•E.ON, OVO Energy, Corgi Homeplan, Hometree
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Pay as you save': Barclays and Hometree ink landmark £250m green home improvement dealBusinessGreen•Jun 14, 2024•Barclays, Hometree
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Hometree acquires energy installer IMS Heat PumpsDaily Business•Jun 10, 2024•Hometree, IMS Heat Pumps
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Renewable energy installer acquired to support home decarbonisation revolutionTheBusinessDesk.com•Jun 10, 2024•Hometree, IMS Heat Pumps
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Hometree’s Acquisition Of The Little Green Energy CompanyGlobal Legal Chronicle•Apr 17, 2024•Hometree, TLGEC, PKF Francis Clark
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Hometree pledges renewable energy boost after BlackRock dealLondon Evening Standard•Apr 15, 2024•Hometree, BlackRock
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