Domna, a company that specialises in home energy efficiency and retrofit services, has secured £70m investment by funds advised by Leon Capital to support its expansion plans.
Formerly known as Hestia, Domna was founded in 2023 by ex-McKinsey partner and its chief executive Anna Moore, and ex-British Land and Essensys leader Chenai Gondo and chief technology officer Khalim Conn-Kowlessar.
It provides turnkey energy efficiency services to private and socially rented housing portfolios throughout the UK.
The initial investment by Leon Capital will facilitate Domna’s “buy-and-build” approach. This allows Domna to scale up its operations quickly in response to the need for residential retrofitting.
According to the parliament’s Business, Energy and Industrial Strategy Committee, there are 29m homes in the UK that need to be retrofitted with low-carbon home energy systems by 2050.
As a result of the new funding, Domna, alongside Leon Capital, has acquired retrofit surveying and contracting businesses the Warmfront Team and Osmosis ACD.
Anna Moore, chief executive officer and co-founder of Domna, said: “In Leon Capital, Domna has found a forward-thinking partner that shares our commitment to raising the bar for UK housing and, in doing so, to realising the £500bn-plus opportunity in UK retrofit.
“The synergies with Warmfront and Osmosis are clear and together we are already proving that retrofit is not only the right thing to do, but also good business.”
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