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.
Key Points
- 1Raised $75M Series B valuing Tem at over $300M, led by Lightspeed Venture Partners.
- 2Uses AI-native platform to automate pricing, matching, and execution of electricity transactions, modernizing markets.
- 3Enables businesses to cut energy procurement costs up to 30% and scales into US and Australia.
Scoring Rationale
Significant Series B and clear traction drive score, but news is sector-specific rather than transformational.
Sources
Public references used for this report.
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