tem

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.