Insurtech start-up Hometree raises £7m in funding for expansion

Home services and insurance start-up Hometree has raised £7 million in a funding round that will help it capitalise on a spike in demand amid Covid-19.

The London-based start-up, which was co-founded by Dubliner Simon Phelan, is expecting growth of up to 300 per cent this year as concern over home emergencies in the midst of the pandemic fuelled an increase in demand for its heating and homecover plans.