About Octopus Energy
Octopus Energy is a company based in London (United Kingdom) founded in 2015 by Pete Miller, Stuart Jackson, and Greg Jackson.. Octopus Energy has raised $1.96 billion across 5 funding rounds from investors including Origin Energy, CPP Investments and Tokyo Gas. Octopus Energy has completed 11 acquisitions, including 4hundred, Affect Energy and Avro Energy. Octopus Energy offers products and services including Smart Tariffs, EV Tariffs, and Solar Export. Octopus Energy operates in a competitive market with competitors including OVO Energy, NextEra Energy, Duke Energy, Sembcorp Industries and Cypress Creek Renewables, among others.
- Headquarter London, United Kingdom
- Founders Pete Miller, Stuart Jackson, Greg Jackson
- Stage Unicorn
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Octopus Energy Limited
- Date of Incorporation 14 Oct, 2014
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.96 B (USD)
in 5 rounds
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Latest Funding Round
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Investors
Origin Energy
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
4hundred
& 10 more
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Products & Services of Octopus Energy
Octopus Energy offers a comprehensive portfolio of products and services, including Smart Tariffs, EV Tariffs, and Solar Export. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tariffs for efficient electricity supply and smart metering.
Specialized tariffs for electric vehicle charging.
Services for exporting solar energy to the grid.
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Software Development Team
73 people
Operations Team
70 people
Data Analysis and Operations Team
34 people
Finance and Accounting
23 people
Senior Team
20 people
Leadership Team
18 people
Sales and Marketing
17 people
Head Team
14 people
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Funding Insights of Octopus Energy
Octopus Energy has successfully raised a total of $1.96B across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(23 Dec 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series F - Octopus Energy | Valuation | D1 Capital Partners | |
| Dec, 2023 | Amount | Series F - Octopus Energy | Valuation | CPP Investments , Generation Investment Management |
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| Dec, 2021 | Amount | Series E - Octopus Energy | Valuation | CPP Investments |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Octopus Energy
Octopus Energy has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Origin Energy, CPP Investments and Tokyo Gas. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Octopus Energy
Octopus Energy has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include 4hundred, Affect Energy and Avro Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Real-time wholesale pricing is delivered via a mobile app.
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2019 | ||||
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Electricity and gas distribution services are provided in Germany.
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2017 | ||||
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Solar-as-a-service systems are provided for residential and commercial sectors.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Octopus Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Octopus Energy Comparisons
Competitors of Octopus Energy
Octopus Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OVO Energy, NextEra Energy, Duke Energy, Sembcorp Industries and Cypress Creek Renewables, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Renewable energy is supplied via app-based platform by OVO Energy.
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| domain | founded_year | HQ Location |
Developer of energy solutions
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| domain | founded_year | HQ Location |
Renewable electricity is produced and distributed across multiple states.
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| domain | founded_year | HQ Location |
Large-scale asset development and management are conducted globally.
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| domain | founded_year | HQ Location |
Solar farms are owned, developed, and financed in the USA.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Octopus Energy
Frequently Asked Questions about Octopus Energy
When was Octopus Energy founded?
Octopus Energy was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Octopus Energy located?
Octopus Energy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Octopus Energy?
Greg Jackson is the current CEO of Octopus Energy. They have also founded this company.
Is Octopus Energy a funded company?
Octopus Energy is a funded company, having raised a total of $1.96B across 5 funding rounds to date. The company's 1st funding round was a Series E of $300M, raised on Dec 23, 2020.
What does Octopus Energy do?
Octopus Energy was founded in 2015 in London, United Kingdom. A platform for managing utility bills is offered in the energy sector. Account balances are tracked, smart meter usage is monitored, and accounting functions are supported. Transaction and billing histories are maintained. Access is enabled through a mobile application compatible with Android and iOS devices. Operations center on utility services for users in the region.
Who are the top competitors of Octopus Energy?
Octopus Energy's top competitors include OVO Energy, NextEra Energy and ScottishPower.
What products or services does Octopus Energy offer?
Octopus Energy offers Smart Tariffs, EV Tariffs, and Solar Export.
How many acquisitions has Octopus Energy made?
Octopus Energy has made 11 acquisitions, including 4hundred, Affect Energy, and Avro Energy.
Who are Octopus Energy's investors?
Octopus Energy has 8 investors. Key investors include Origin Energy, CPP Investments, Tokyo Gas, Generation Investment Management, and D1 Capital Partners.
What is Octopus Energy's valuation?
The valuation of Octopus Energy is $5B as of Dec 2021.