Beams Secures $9M to Digitize the UK Home Renovation Market
Home renovation projects are notoriously unpredictable—for homeowners and contractors alike. While large players like IKEA rely on outdated legacy systems, smaller builders often lack access to modern software. UK-based startup Beams aims to change that, recently closing a $9 million Series A funding round to bring efficiency and transparency to the industry. This brings their total funding to $13.3 million.
Funding Details and Investors
The round was led by ETF Partners, with participation from existing investors:
- Giant Ventures
- firstminute capital
- Borusan Ventures
How Beams Streamlines Renovations
Beams combines cutting-edge technology with a managed marketplace to connect homeowners and builders. Their proprietary tools include:
- AI-Powered Pricing Engine: Predicts project costs and timelines by analyzing data from 6,000+ past renovations.
- 3D Scanning Technology: Uses laser scans and photogrammetry to create detailed home models for precise planning.
- Vetted Builder Network: Contractors are rigorously screened before joining and after each project.
The Founder’s Vision
CEO Hayden Wood (previously at Bulb, acquired by Octopus Energy) identified the inefficiencies in residential renovations while working on energy-efficient home upgrades.
“Projects were often too risky or complicated for consumers, leading many to avoid improvements altogether,” Wood told TechCrunch. “By simplifying the process and reducing risks, we can help more homeowners upgrade sustainably.”
Market Traction and Compe*****s
Since its September 2023 launch, Beams has:
- Sold £4 million+ in projects
- Managed 130 active renovations
- Completed 25 projects
While compe*****s like Neptune, Wren, and Checkatrade exist, Wood emphasizes that Beams is the only end-to-end platform covering planning through execution with proprietary software.
The Opportunity Ahead
The European renovation market is valued at £380 billion, with London alone accounting for £5.5 billion. Beams plans to expand across the UK and Europe, using the fresh funding to:
- Accelerate product development
- Scale operations
- Enhance sustainability integrations
Risk Mitigation Strategy
Wood acknowledges economic uncertainties but remains confident:
“We’re close to breakeven. If growth slows, we’ll stabilize spending and explore alternative business models.”
Investor Perspective
Lucy Rands, Partner at ETF Partners, praised Beams’ holistic approach:
“Their solutions seamlessly blend sustainability with practical home improvements, modernizing Europe’s aging housing stock.”
With its tech-driven model and strong investor backing, Beams is poised to transform the home renovation landscape—one predictable project at a time.
📚 Featured Products & Recommendations
Discover our carefully selected products that complement this article’s topics:
🛍️ Featured Product 1: Bordeaux – Stool With Black Legs (Set of 2)
Image: Premium product showcase
Carefully crafted bordeaux – stool with black legs (set of 2) delivering superior performance and lasting value.
Key Features:
- Premium materials and construction
- User-friendly design and operation
- Reliable performance in various conditions
- Comprehensive quality assurance
🔗 View Product Details & Purchase
🛍️ Featured Product 2: Bottle Opener
Image: Premium product showcase
Professional-grade bottle opener combining innovation, quality, and user-friendly design.
Key Features:
- Industry-leading performance metrics
- Versatile application capabilities
- Robust build quality and materials
- Satisfaction guarantee and warranty
🔗 View Product Details & Purchase
🛍️ Featured Product 3: Bordeaux – Boucle Fabric Accent Chair With Black Legs
Image: Premium product showcase
High-quality bordeaux – boucle fabric accent chair with black legs offering outstanding features and dependable results for various applications.
Key Features:
- Industry-leading performance metrics
- Versatile application capabilities
- Robust build quality and materials
- Satisfaction guarantee and warranty
🔗 View Product Details & Purchase
💡 Need Help Choosing? Contact our expert team for personalized product recommendations!
