tem

Investor: Lightspeed Ventures

London-headquartered energy technology scaleup tem, founded in 2021, has successfully closed a £55 million (approximately $75 million) Series B funding round. The capital will be used to further develop its AI-native energy transaction infrastructure and brokerage platform, aiming to modernize the complex and opaque systems that currently dominate energy pricing and trading. Summary of transaction details: Value: £55 million Sector: Energy Technology / AI-native Energy Infrastructure Advisor: Not disclosed Key Entities: Target: tem; Lead Investor: Lightspeed Ventures; Additional Investors: Hitachi Ventures, Voyager Ventures, Schroders Capital, Allianz, AlbionVC, Atomico, and Revent Location: London, UK Note: This substantial investment underscores the strong market demand for digital platforms that streamline energy procurement and connect buyers directly with suppliers. Investors are strongly backing tem's potential to establish a more transparent, efficient, and fair energy transaction system by rebuilding core infrastructure—a strategic disruption akin to the transformative impact of fintech in the banking sector.

Investor: Lightspeed Venture Partners

tem, the energy transactions scaleup, has raised $75 million in an oversubscribed Series B round led by Lightspeed Venture Partners, bringing its total funding to $94 million. Summary of transaction details: Value: $75 million Sector: Industrials & Energy Advisor: Not disclosed Key Entities: tem, Lightspeed Venture Partners Location: London Note: The investment in tem demonstrates the growing interest in innovative energy transaction solutions and is expected to drive growth and expansion for the company, with a strong growth trajectory already evident in its surpassing of $300 million annualised gross transaction value.