Investors fuel energy start-up to tune of €2.1m

Investors fuel energy start-up to tune of €2.1m
Simon Phelan, chief executive of Hometree

Hometree was cofounded by Dubliner Simon Phelan

An energy start-up cofounded by Dubliner Simon Phelan has raised £1.9 million (€2.1 million) from four venture capital investors who have previously backed some of Europe’s most successful technology companies including Zoopla, Shazam, TransferWise and Purplebricks.

The venture capital funds LocalGlobe, DN Capital, Oxford Capital and FJ Labs have all invested in Hometree, which has developed an online platform to target the home boiler market.

Hometree previously raised £300,000 from the Irish fund Frontline Ventures through...

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