Funding round
Hometree Series B
Hometree, which works in home energy insurance services in London, raised $46M in a Series B round announced on 12 Apr 2023, led by 2150 and Energy Impact Partners. 7 firms took part. It is Hometree's second venture round on record; the one before was a Series A in Oct 2020.
$46M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
Hometree did not disclose a valuation in this round. It came 30 months after Hometree's Series A. It is 84% of the $55M Hometree has raised in the venture rounds on record. No later venture round is on record for Hometree.
Hometree's funding rounds
Hometree has 2 venture rounds on record and 2 other deals. This one is highlighted.
- Series A 6 Oct 2020, led by Anthemis $9.1M
- Series B this round 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
2150 and Energy Impact Partners led the round with 5 other firms.
Lead investors
- backs 25 venture-backed companies new investor
- Energy Impact Partners backs 99 venture-backed companies new investor
Also in the round
- Legal & General Capital new investor
- backs 16 venture-backed companies new investor
- Oxford Capital new investor
- FJ Labs backs 316 venture-backed companies new investor
- backs 24 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations, acquisitions and working capital.
- Product development
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Heating & Air Conditioning, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Heating & Air Conditioning | 9 Nov 2023 | $84M | not disclosed | not named |
| Heating & Air Conditioning | 16 Jan 2024 | $158M | not disclosed | Altor and Kinnevik |
| Clear Street Financial Services | 11 Apr 2023 | $270M | $2.00B | Prysm Capital |
| Medical Supply Manufacturers | 19 Apr 2023 | $150M | not disclosed | SoftBank Vision Fund and Prosperity7 Ventures |
| Electronical Components Manufacturing | 26 Apr 2023 | $120M | not disclosed | Export Development Canada and McRock Capital |
| Cryptocurrency | 4 Apr 2023 | $120M | $3.00B | not named |
| Pharmaceutical Products | 20 Apr 2023 | $110M | not disclosed | venBio |
| Tech Companies | 26 Apr 2023 | $100M | $750M | Andreessen Horowitz |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Hometree raise in its Series B round?
Hometree raised $46M in its Series B round, announced in Apr 2023.
Who led Hometree's Series B round?
2150 and Energy Impact Partners led it, with Legal & General Capital, Inven Capital, Oxford Capital, FJ Labs and AENU.
What was Hometree's valuation at the Series B round?
It was not disclosed.