"London-based energy software company Tem has closed a $75 million Series B round led by Lightspeed Venture Partners, with additional funding from AlbionVC, Atomico, Hitachi Ventures, Schroders Capital, Voyager Ventures, Allianz, and others. The round reportedly values the company at more than $300 million and will fund its expansion into the United States and Australia. Tem builds an AI-native energy platform designed to automate the pricing, matching, and execution of electricity transactions, a market that has long relied on manual processes and legacy infrastructure."
"Its core system uses machine learning to forecast supply and demand, match buyers with suppliers, and reduce the layers of intermediaries that typically add cost and complexity. According to Tem, more than 2,600 businesses in the UK are already on its platform, with customers reporting energy cost savings of up to 30 per cent compared with traditional procurement approaches. The startup also handled roughly two terawatt-hours of electricity transactions in 2025, a volume it says demonstrates growing demand for automated energy market infrastructure."
Tem is a London-based energy software company that closed a $75 million Series B led by Lightspeed Venture Partners, with participation from firms including AlbionVC and Atomico. The round values the company at more than $300 million and will fund expansion into the United States and Australia. Tem builds an AI-native energy platform that automates pricing, matching and execution of electricity transactions, replacing manual processes and legacy systems. Its core system uses machine learning to forecast supply and demand, match buyers and suppliers, and reduce intermediaries and transaction costs. More than 2,600 UK businesses use the platform, reporting up to 30% energy cost savings. The startup handled roughly two terawatt-hours of transactions in 2025 and plans to expand into Texas and select Australian regions.
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