Tem secures $75 million to automate energy markets using an AI-driven platform.
Tem, a London-based energy software firm, has successfully raised $75 million in a Series B funding round, spearheaded by Lightspeed Venture Partners, with additional contributions from AlbionVC, Atomico, Hitachi Ventures, Schroders Capital, Voyager Ventures, Allianz, and others.
This funding round reportedly values the company at over $300 million and will support its expansion into the United States and Australia. Tem develops an AI-native energy platform aimed at automating the pricing, matching, and execution of electricity transactions, a market historically dependent on manual processes and outdated infrastructure.
The company’s primary system utilizes machine learning to predict supply and demand, connect buyers with suppliers, and minimize the number of intermediaries that typically complicate and inflate costs. According to Tem, more than 2,600 businesses in the UK are currently utilizing its platform, with clients experiencing energy cost reductions of up to 30 percent compared to traditional procurement methods.
In 2025, the startup managed approximately two terawatt-hours of electricity transactions, a volume it claims reflects the rising demand for automated energy market infrastructure. Tem's strategy is often characterized as introducing modern, software-centric tools to a sector predominantly led by brokers, manual trading floors, and obsolete systems. By substituting disjointed legacy processes with a cohesive AI-powered solution, the company aims to enhance energy market efficiency while providing businesses with clearer price indicators and reduced transaction fees.
With this latest funding, Tem intends to expand its global presence, starting with prominent energy markets like Texas in the United States and select areas in Australia, where grid modernization and the integration of renewable energy sources are generating new demands for adaptable energy trading solutions.
Published February 10, 2026 - 9:24 am UTC
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