Funding round
Hometree Series A
Hometree, which works in home energy insurance services in London, raised $9.1M in a Series A round announced on 6 Oct 2020, led by Anthemis. 4 firms took part, 2 of them already investors, with 1 individual investor. It is Hometree's first venture round on record.
$9.1M
Amount raised
7,000,000 GBP converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Hometree did not disclose a valuation in this round. It is Hometree's first venture round on record, 5 years after it was founded in 2015. It is 16% of the $55M Hometree has raised in the venture rounds on record. Hometree raised again 30 months later: a Series B round of $46M in Apr 2023.
Hometree's funding rounds
Hometree has 2 venture rounds on record and 2 other deals. This one is highlighted.
- Series A this round 6 Oct 2020, led by Anthemis $9.1M
- Series B 12 Apr 2023, led by 2150 and Energy Impact Partners $46M
- Debt not a venture round 14 Jun 2024 $319M
- Debt not a venture round 16 Oct 2024 $65M
Investors
Who put money in
Anthemis led the round with 3 other firms. DN Capital and Literacy Capital had backed Hometree before.
Lead investor
- backs 95 venture-backed companies new investor
Also in the round
- backs 55 venture-backed companies existing investor
- backs 2 venture-backed companies existing investor
- Silicon Valley Bank new investor
Individual investors: Michael Pennington. Joined the board: Ruth Foxe Blader (Anthemis).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Oct 2020 | $100M | not disclosed | Warburg Pincus |
| Biotechnology | 16 Oct 2020 | $60M | not disclosed | SR One and Taiho Ventures, LLC |
| Pharmaceutical Products | 28 Oct 2020 | $60M | not disclosed | Hg |
| Biotechnology | 6 Oct 2020 | $51M | not disclosed | ARCH Venture Partners and UCB Ventures |
| Payment Processing & Point of Sale | 1 Oct 2020 | $50M | not disclosed | Blue Star Innovation Partners and PSG |
| Warehousing & Storage | 26 Oct 2020 | $50M | not disclosed | not named |
| Real Estate Rental | 14 Oct 2020 | $48M | not disclosed | Andreessen Horowitz |
| Medical Supply Manufacturers | 8 Oct 2020 | $48M | $700M | Main Street Advisors and SC Holdings |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Hometree raise in its Series A round?
Hometree raised $9.1M in its Series A round, announced in Oct 2020.
Who led Hometree's Series A round?
Anthemis led it, with DN Capital, Literacy Capital and Silicon Valley Bank.
What was Hometree's valuation at the Series A round?
It was not disclosed.
Did Hometree raise again after this round?
Yes: a Series B round in Apr 2023 of $46M.