Heat Geek announces £3.7m funding

Heat Geek has announced a £3.7m seed funding round, bringing the total raised to £4.2m.

Founded by Adam Chapman (Heat Geek’s original founder and Chief Geek), Aadil Qureshi (ex Apple and IBM) and Matthew Gunn (ex JP Morgan), Heat Geek’s new digital platform provides heating engineers with a “business-in-a-box”, empowering them with award-winning training, innovative technology and a pipeline of paying customers that have been pre-qualified using Heat Geek’s proprietary property intelligence algorithms.

A key factor in Heat Geek’s proposition and success to date is the creation and growth of the community of installers, which has 80,000 social media subscribers and 1,000 trained installers across the UK.

Co-founder and CEO Qureshi said:

At the heart of our business is a shared obsession with empowering everyone in the UK to upgrade their home and save money every month. But one of the biggest issues facing mass uptake of heat pumps is a lack of skilled installers. Our solution is simple – train thousands of existing heating engineers and give them the skills, knowledge and tools to unlock the support for thousands of homeowners wanting to decarbonise their homes and save money on their energy bills.

All Heat Geek certified installers will soon be given access to the digital platform, featuring unique tools such as a digital surveying and system design process, a training and community hub, MSC certification, plus an end-to-end digital journey for homeowner – all of which ensures the company continues to offer the highest efficiency Heat Pump installations in the country.

Chapman explained:

Heat Geek is built to support engineers running their own businesses at the heart of communities across the country. Our focus is empowering local heating engineers that have been keeping homeowners warm for decades. These engineers are best placed to upskill and guide their customers on the journey to adopt heat pumps.

Heat Geek has already established a number of significant partnerships; a partnership with OVO Energy was launched in September and Heat Geek has now also partnered with Resi, a digital-first renovation and extension service, to provide their homeowners with heat pumps as they renovate their homes.

Kristian Branaes, partner at lead investor Transition, said:

Decarbonising heat is one of the biggest opportunities within climate today, but the market is held back by the lack of qualified installers. Heat Geek is the only company we’ve seen across Europe and the US that has a credible plan for how the industry can transform from within – by building on the incredible community that Adam and the Heat Geeks have already created and using technology to help it scale.

Other investors include angels Ed Broussard, Rob Harris, Jeff Twentyman, Akta Raja and Stewart Seigel plus 15 of the most experienced Heat Geeks from across the country.

Heat Geek Damon Blakemore, said:

I’ve been a heating engineer for 20 years, and part of the Heat Geek community since the beginning. In recent times, heat pumps are getting a lot of attention and investment, but there’s only one company working with the installers to upskill, train and give them tools to grow their own businesses. That’s why I invested and am proud to be a Heat Geek.

Heat Geek will be at InstallerSHOW, which runs 25-27 June at the NEC, free registration: installer-2024-splash.reg.buzz/