Total amount raised
$2.9 Billions
Latest funding date
Location
Title
Octopus Energy has successfully raised significant funding through various rounds, attracting notable investors such as Lightrock and Galvanize Climate Solutions. The company focuses on providing green energy solutions and improving the energy supply chain with its innovative technology platform, Kraken.
Keep reading to explore the intricacies of Octopus Energy's fundraising journey and the investors backing this forward-thinking energy provider.
What Is Octopus Energy?
Founded in 2015, Octopus Energy is a London-based clean energy technology company. The company was established by Greg Jackson, James Eddison, and Stuart Jackson.
Octopus Energy focuses on providing renewable electricity and gas, smart tariffs, electric vehicle tariffs, solar and battery services, and electric vehicle charging. Their mission is to reduce energy costs and improve customer experience.
With a workforce of 1001-5000 employees, Octopus Energy is dedicated to creating a cheaper, greener, and smarter energy grid.
How Much Funding Has Octopus Energy Raised?
- Private Equity Round
- Amount Raised: $327M
- Date: May 2020
- Lead Investors: Origin Energy
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their renewable energy offerings and improve their technology platform.
- Corporate Round
- Amount Raised: $247M
- Date: December 2020
- Lead Investors: Tokyo Gas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their presence in the Japanese market and develop new energy solutions.
- Private Equity Round
- Amount Raised: $655M
- Date: September 2021
- Lead Investors: Generation Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate their global expansion and invest in sustainable energy projects.
- Private Equity Round
- Amount Raised: $300M
- Date: December 2021
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their technology platform and enhance customer experience.
- Private Equity Round
- Amount Raised: $550M
- Date: July 2022
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their renewable energy infrastructure and technology.
- Private Equity Round
- Amount Raised: £625M
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support their mission of reducing energy costs and improving the energy grid.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: June 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue their growth and innovation in the clean energy sector.
Octopus Energy has raised a total of $2.079B in funding. The current valuation is Not publicly disclosed.
Key Investors
- Lightrock
- Details: Lightrock is a global private equity firm that focuses on sustainable and impact-driven investments. They aim to support companies that address significant societal challenges.
- Investment Focus Areas: Healthcare, education, clean energy.
- Notable Investments: Infarm, Climeworks, PharmEasy.
- Galvanize Climate Solutions
- Details: Galvanize Climate Solutions is an investment firm dedicated to addressing climate change through strategic investments. They support companies developing innovative climate solutions.
- Investment Focus Areas: Climate technology, renewable energy, sustainable infrastructure.
- Notable Investments: BlocPower, Twelve, Carbon Clean.
- CPP Investments
- Details: CPP Investments is a professional investment management organization that invests the funds of the Canada Pension Plan. They manage a diversified global portfolio.
- Investment Focus Areas: Real estate, infrastructure, private equity.
- Notable Investments: Enbridge, Glencore, Ant Financial.
- Generation Investment Management
- Details: Generation Investment Management is a sustainable investment firm co-founded by Al Gore. They focus on long-term investments in sustainable businesses.
- Investment Focus Areas: Sustainable energy, healthcare, financial services.
- Notable Investments: Asana, DocuSign, Beyond Meat.
- Tokyo Gas
- Details: Tokyo Gas is Japan's largest provider of city gas, serving millions of customers. They are expanding their investments in renewable energy and overseas markets.
- Investment Focus Areas: Natural gas, renewable energy, smart energy solutions.
- Notable Investments: First Solar, Petronas, Summit Power.
What's Next for Octopus Energy?
Octopus Energy stands at the cusp of significant growth opportunities, driven by the global shift towards renewable energy. With their innovative technology platform, Kraken, they are well-positioned to capitalize on the increasing demand for clean energy solutions. This presents a vast market potential, especially as more countries commit to reducing carbon emissions.
Future fundraising efforts will likely focus on scaling their technology and expanding into new markets. Given their track record, attracting additional investment should be feasible. However, challenges such as regulatory hurdles and competition from established energy providers could pose obstacles. Navigating these will be crucial for sustained growth and success.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Octopus Energy and gather other critical business insights.
Sign up for free on Clay and elevate your sales strategy with the most up-to-date information at your fingertips.
