Energy start-up to use fresh funding for UK expansion

Energy start-up to use fresh funding for UK expansion
Hometree founder Simon Phelan (r) with AV8's Miles Kirby (l)

Hometree, an energy start-up co-founded by Dubliner Simon Phelan, has been trying to shake up Britain’s home boiler market, where 1.7 million units are installed each year

Hometree, an energy start-up co-founded by Dubliner Simon Phelan, has secured $8.5m (€7.25m) of funding from a group of investors led by a newly-formed investment fund called AV8 Ventures.

Hometree, which describes itself as a “next-generation energy company”, has been trying to shake up Britain’s home boiler market. 1.7 million boilers are installed in Britain each year and Hometree has developed an e-commerce system...

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