Beams Announces $9M Series A Funding Round
We're incredibly excited to announce that Beams has secured a $9 million Series A funding round, bringing our total funding to $13.3 million. This round was led by ETF Partners, with support from our amazing existing investors: Giant Ventures, firstminute capital, and Borusan Ventures.
Since we kicked off in September 2023, we've sold over £4 million worth of projects, completed 25 renovations, and are currently working on 130 more. We're super excited to use this new funding to speed up product development and expand our services across the UK.
We’re on a big mission to improve the energy efficiency of 28 million homes in the UK, of which 70% have poor energy ratings. We offer free Home Energy Assessments, helping homeowners make greener upgrades to lower energy bills and reduce carbon emissions. Customers have already seen a 12% drop in annual energy costs.
Our founder, Hayden Wood, says: “We know that renovation can be overwhelming and complicated for homeowners, so we’re here to make the process simpler and greener and greener. Our innovative tools and marketplace are designed to give homeowners easy access to the right information and support. And by putting the latest technology in the hands of builders, we’re making it easier for them to improve the energy efficiency of homes during the renovation. Together, we can work towards upgrading our leaking housing stock to achieve our climate goals. ”
A massive thank you to our investors and the entire Beams community for believing in our vision. We're pumped to keep transforming the home renovation experience for everyone!
Thank you,
The Beams Team
