Tem secures $75 million to automate energy markets through an AI-driven platform.
Tem, an energy software company based in London, has successfully raised $75 million in a Series B funding round led by Lightspeed Venture Partners, with additional investments from AlbionVC, Atomico, Hitachi Ventures, Schroders Capital, Voyager Ventures, Allianz, and others.
This funding round values Tem at over $300 million and will support its expansion into the United States and Australia. Tem develops an AI-driven energy platform aimed at automating the pricing, matching, and execution of electricity transactions, a market that has historically relied on manual processes and outdated infrastructure.
The company’s core system employs machine learning to predict supply and demand, connect buyers with suppliers, and eliminate the numerous intermediaries that often increase costs and complexity.
According to Tem, over 2,600 businesses in the UK are currently utilizing its platform, with users noting energy cost reductions of up to 30% compared to traditional procurement methods. The startup managed about two terawatt-hours of electricity transactions in 2025, which it claims reflects a rising demand for automated energy market infrastructure.
Tem’s strategy is frequently characterized as introducing modern software-first solutions to an industry that remains largely governed by brokers, manual trading desks, and outdated systems. By streamlining fragmented legacy processes with a consolidated AI-based engine, the company seeks to enhance the efficiency of energy markets while providing businesses with clearer pricing indicators and reduced transaction costs.
With the newly acquired funding, Tem intends to expand its global presence, starting with pivotal energy markets such as Texas in the United States and select areas in Australia, where the modernization of the grid and integration of renewable energy sources are generating new requirements for adaptable energy trading platforms.
Published February 10, 2026 - 9:24 am UTC
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