Energy Scaleup Group Secures £55m Series B Round
•February 10, 2026
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Companies Mentioned
Why It Matters
The capital infusion validates tem’s AI‑driven model and could reshape energy markets by making transactions faster, cheaper and more transparent, unlocking efficiency gains for businesses worldwide.
Key Takeaways
- •tem raised $75 million Series B funding.
- •AI-native platform aims to overhaul energy trading.
- •Roso engine matches suppliers directly with businesses.
- •RED platform gives customers real‑time usage insights.
- •Investors include Lightspeed, Hitachi, Atomico, Allianz.
Pulse Analysis
The energy sector has long been hampered by legacy pricing mechanisms that are complex, opaque and costly. As utilities grapple with digital transformation, the industry mirrors the pre‑fintech era of banking, where outdated infrastructure limited innovation. tem’s entry arrives at a pivotal moment, promising to dismantle entrenched inefficiencies by applying artificial intelligence to the core of energy transactions, much like fintech disrupted traditional banking processes.
At the heart of tem’s offering are two AI‑driven components. Roso, the transaction engine, automates contract execution, directly matching energy suppliers with corporate buyers, eliminating intermediaries and reducing settlement times. Meanwhile, RED provides a user‑friendly dashboard where customers monitor consumption, manage contracts, and gain actionable insights. By unifying these functions on a single, AI‑native stack, tem delivers end‑to‑end transparency, real‑time pricing, and predictive analytics that can lower procurement costs and improve demand‑response capabilities.
The £55 million Series B, led by Lightspeed and supported by strategic investors such as Hitachi Ventures and Atomico, signals strong confidence in tem’s scalability and market potential. The capital will fund international expansion, enhance AI models, and accelerate regulatory compliance across jurisdictions. As energy markets increasingly prioritize sustainability and digital efficiency, tem’s platform positions it to become a foundational layer for future innovation, attracting further venture interest and potentially reshaping how businesses source and manage energy worldwide.
Energy scaleup group secures £55m Series B round
London-based energy scaleup company tem has secured a $75m (£55m) Series B investment round.
Founded in 2021, tem’s ambition is to replace what it considers to be the outdate, complex and opaque legacy system of pricing and trading energy.
Describing its products as the “first AI-native energy transaction infrastructure”, tem’s technology is comprised of two components.
First is Roso, an AI-powered transaction engine that executes contracts from end to end, matching energy suppliers with businesses directly. The other is RED, the customer-facing platform used by customers to track their energy usage and manage contracts.
“Energy underpins every industry in the world, and yet no one has succeeded in course-correcting the fundamentally flawed way the markets work,” said tem co-founder and chief executive officer Joe McDonald.
“For decades, the industry has tried to patch over the costly inefficiency of energy transactions with new utility brands and new promises. The real opportunity in energy looks a lot like what fintech did to banking: rebuild the core infrastructure, then let innovation explode on top of it.
“That’s exactly what tem is doing. We’re building the world’s first AI-native infrastructure for energy transactions – making them fairer, more transparent, and radically more efficient.”
Lightspeed Ventures led the funding round, with participation from Hitachi Ventures, Voyager Ventures, Schroders Capital, Allianz, AlbionVC, Atomico and Revent.
“tem is one of those rare companies whose insight, technology and roadmap to scale all line up. They’ve combined deep market expertise with exceptional engineering, and a plan with global potential from day one,” said Paul Murphy, partner at Lightspeed Venture Partners.
We back a small number of companies each year, and between the clear market demand and the economics of tem’s model, which align perfectly – tem stood out immediately. We’re excited to work alongside them as a true partner as they scale globally.”
The post Energy scaleup group secures £55m Series B round appeared first on UKTN.
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