Firm aims to raise £20m to fund expansion

Photoshoot with BOXT in and around Kings Cross, London. 6/6/19 Photo Tom Pilston.tompilston.com tompilston@gmail.com 0044 7802 572 609

A smart home installation firm in Leeds is raising £20m to double its number of smart home installers to 2,000.

BOXT, which only launched in 2017, has also struck a deal with Google across the UK, becoming the first national business to offer voice-controlled heating as standard.

The company said the money it aims to raise will also allow it to expand internationally, as well as introduce new smart home products over the next 12 months.

The business reported that it has already achieved a turnover of £20 million in its first full year of trading, with a projection to double this in its current financial period.

The agreement with Google means all new boilers installed by BOXT will come with a free Google Nest Learning Thermostat and Google Home Mini, so that they can be voice activated and controlled.

Andy Kerr, co-founder of BOXT, said: “Home installation is ripe for disruption and we want BOXT to be the first choice for customers who want to install heating, cooling or any smart technology in their home.

“We’ve developed our platform to ensure the process for customers  is easy, transparent and always good value – and with no hidden costs or antiquated sales techniques.”

BOXT said its use of cutting-edge technology had enabled it to become Britain’s second largest boiler installer after just two years of operations.

The business added it was on track to install 40,000 boilers this year. And its latest product innovation will see the firm move beyond boilers, by introducing a national domestic air conditioning installation service.

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