Tem Secures $75M Series B Funding

London-based energy software company Tem closed a $75 million Series B round led by Lightspeed Venture Partners on February 10, 2026, valuing the company at more than $300 million. The funding will support expansion into the United States (notably Texas) and Australia and accelerate its AI-native platform that automates pricing, matching and execution of electricity transactions; Tem reported handling roughly two terawatt-hours in 2025 and serving over 2,600 UK businesses claiming up to 30% cost savings.