Monday August 10, 2020

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

Hometree was cofounded by Dubliner Simon Phelan

2nd July, 2017
Simon Phelan, chief executive of Hometree

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...

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