About OVO Energy
OVO Energy is an Energy & Utilities company based in Bristol (United Kingdom) founded in 2009 by Stephen Fitzpatrick, and was acquired by E.ON in May 2026. Renewable energy is supplied via app-based platform by OVO Energy. OVO Energy has raised $257.69 million across 4 funding rounds from investors including Morgan Stanley, Gov.uk and E.ON. The company has 3,191 employees. OVO Energy has completed 7 acquisitions, including Bonnet, ChargedEV and Corgi Homeplan. OVO Energy was last valued at $1 billion in February 2019. Its website ovoenergy.com draws about 2.7 million monthly visits. OVO Energy offers products and services including Energy Tariffs, Smart Meters, Solar Panels, and EV Chargers. Its focus areas include Energy Tech, Smart Grid, Green Utilities and Environment Tech. Its legal entity is OVO ENERGY LTD. Its competitors include Octopus Energy, Hometree and EDF Energy; 2 of its 3 listed competitors have raised funding.
Company details
App-based power supplier from renewable energy sources. Users can create needs to log in to the website and select the kind of services required. Supplies electric power, biogas, and charging bundles for electric vehicles. Provides a vehicle module through which power stored in vehicles can be supplied to grid networks and can be controlled through the mobile application. Also provides heaters, energy storage systems, and smart electric meters. Customers can request a quote and pay the bill online. Its app is available for Android and iOS devices.
- Headquarters Bristol, United Kingdom
- Employees 3,191
- Founders Stephen Fitzpatrick
- Stage Acquired
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Phone•••• ••••
- Website ovoenergy.com
- Social LinkedIn X Facebook Instagram
- Acquired by GLIL (May 2021)
- Legal Name Ovo Energy Ltd
- Date of Incorporation 29 Apr, 2009
- Jurisdiction BRISTOL
- Annual Revenue$1.25 B (USD)as on Dec 31, 2018
- Net Profit-$60.92 M (USD)as on Dec 31, 2018
- Total Equity Funding$257.69M (USD)
in 4 rounds
- Latest Funding Round$257.92M (USD), Series D
Jul 2023
- InvestorsMorgan Stanley
& 8 more
- Employee Count3,191
- Investments & AcquisitionsBonnet
& 6 more
- Acquired by
Products & Services of OVO Energy
OVO Energy offers a comprehensive portfolio of products and services, including Energy Tariffs, Smart Meters, Solar Panels, and EV Chargers.
Services for switching and managing gas and electricity bills.
Devices to track and optimize household energy usage.
Installations for generating home solar power.
Systems for electric vehicle home charging.
Apps and channels of OVO Energy
OVO Energy publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of OVO Energy
OVO Energy has successfully raised a total of $257.69M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $257.92 million completed in July 2023. 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 $257.69M
- Total Rounds 4
- Last Round Series D — $257.92M
- First Round $2.02M
(Dec 2018)
- Investors Count 9
All 4 funding rounds of OVO Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $257.92M | Series D | – | – | |
| Jun 2020 | $5.18M | Grant | – | – | – |
| Feb 2019 | $257.69M | Series C | – | Mitsubishi Corporation | – |
| Dec 2018 | $2.02M | Grant | – | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of OVO Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Last known valuation $1B (Feb 2019). 9 investors in total: 9 institutional.
Investors in OVO Energy
OVO Energy has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, Gov.uk and E.ON.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
UK private equity investments are managed by Mayfair firm. | mayfairequity.com | London, United Kingdom | ||
VC investments are directed toward US and UK companies. | slaterfund.com | Providence, United States | ||
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Natural gas and petroleum are distributed and traded globally. | 1954 | mitsubishicorp.com | New York, United States | |
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
Manages infrastructure funds and invests in European mid-market businesses with hands-on support. | 2009 | arcusip.com | London, United Kingdom | |
Investor in core UK infrastructure assets | 2015 | glil.co.uk | London, United Kingdom | |
Provider of electricity and natural gas distribution services | 2000 | eon.com | Essen, Germany | |
Provider of online government services and information | gov.za | South Africa |
Investor details for OVO Energy
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People of OVO Energy
403 people are tracked at OVO Energy (89 in leadership, 3 in board & advisors, 311 in team); the tracked headcount is 3,191.
| Name | Role | Group |
|---|---|---|
Stephen Fitzpatrick | Founder | Leadership |
Tom Mavin | Senior Finance Business Partner - Cash & Debt | Leadership |
Christina Song | Head Of Corporate Development And Strategy | Leadership |
Steven Ackroyd | VP Special Projects | Leadership |
Kelvin Moore | Director Portfolio And Transformation | Leadership |
Clare Rozario | Head Of Commercial Supplier Management (technology, Business Services, P2p & Transition) | Leadership |
Mark Saunders | Head Of Delivery (delivery Lead) | Leadership |
Katie Russell | Data Director | Leadership |
Bronwyn Barnett | Head Of Product | Operations And Autonomous Agent Ai | Leadership |
James Watts | Head Of Brand PR & Sponsorships | Leadership |
Suzanne Craddock | Head Of Growth And Marketing CRM - Smart Metering | Leadership |
Lisa Lunam-Cowan | Head Of Customer Communications | Leadership |
Simon Todd | VP - Finance Director | Leadership |
Simon Gough | Senior Finance Business Partner | Leadership |
Luke Jones | Strategic Partner | Leadership |
Gareth Rippingale | Head Of Fp&a, Treasury & BI | Leadership |
Tanya Joy Morris | Strategic Partner To OVO Tech | Leadership |
Kelly Bush | Interim Head Of Commercial Fulfilment | Leadership |
David Anderson | Director Procurement & Supply | Leadership |
Reshan Fernando | Senior Commercial Manager / Head Of Commercial - Retail Telecom & Home Services | Leadership |
383 more people are available in the full profile.
Complete people profiles for OVO Energy
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Investments & Acquisitions by OVO Energy
OVO Energy has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Bonnet, ChargedEV and Corgi Homeplan.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
EV charging app for electric car charging | joinbonnet.com | London, United Kingdom | 2019 | Nov 2023 | •••• | |
Provider of managing energy and installation services | sse.co.uk | Reading, United Kingdom | 1991 | Jan 2020 | $659.23M | |
Gas and electricity supply is provided with related energy services. | sparkenergy.co.uk | Selkirk, United Kingdom | 2007 | Oct 2018 | •••• | |
Electric vehicle charging equipment is designed, manufactured, and installed. | chargedev.co.uk | Chesterfield, United Kingdom | 2015 | Aug 2017 | •••• | |
Electric vehicle charging solutions are provided for domestic applications. | indra.co.uk | Malvern, United Kingdom | 2011 | Aug 2017 | •••• | |
Boiler cover and replacement services are provided across the UK. | corgihomeplan.co.uk | Dunfermline, United Kingdom | 2011 | May 2017 | •••• | |
Online demand response and heat storage solutions are provided. | vcharge-energy.com | Providence, United States | 2009 | Feb 2017 | •••• |
Complete acquisition details for OVO Energy
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Timeline of OVO Energy
13 dated milestones of OVO Energy across 17 years, from founding to its latest funding, stage changes and deals.
- Founded OVO Energy is founded.
- Acquisition Acquires VCharge Energy.
- Acquisition Acquires Corgi Homeplan.
- Acquisition Acquires Indra.
- Acquisition Acquires ChargedEV.
- Acquisition Acquires Spark Energy.
- Funding First funding round of $2.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires SSE.
- Exit Acquired by GLIL.
- Funding Latest funding round, Series D, of $257.9M.
- Acquisition Acquires Bonnet.
- Exit Acquired by E.ON.
Competitors of OVO Energy
OVO Energy has 3 listed competitors in our database, 2 of them funded. They include Octopus Energy, Hometree and EDF Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| octopus.energy | 2015 | London, United Kingdom | $2.81B | 8,177 | Utility bill management platform is provided for tracking and billing. | |
| hometree.co.uk | 2016 | London, United Kingdom | $267.65M | 59 | Provider of an online platform for home insurance | |
| edfenergy.com | 2010 | London, United Kingdom | Electric utility company |
Detailed competitors of OVO Energy
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Web traffic of OVO Energy
The website of OVO Energy (ovoenergy.com) receives about 2.7M visits a month and ranks #16,270 among all websites worldwide, #60 in Energy Industry.
- Monthly visits2.7M
▼ 2.5% vs previous month
- Unique visitors955.1K
per month
- Global rank#16,270
among all websites
- Category rank#60
Heavy Industry and Engineering · Energy Industry
- Bounce rate25%
- Pages per visit5.4
- Average visit3 min 18 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with OVO Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| edfenergy.com | 100% | 3M | #16,738 | View details | |
| thameswater.co.uk | 97% | 2M | #21,857 | View details | |
| stwater.co.uk | 91% | 1.2M | #41,024 | View details | |
scottishpower.co.uk | scottishpower.co.uk | 90% | #25,738 | – | |
| unitedutilities.com | 89% | 963.2K | #56,249 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for OVO Energy
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Related news about Ovo Energy
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Frequently Asked Questions about OVO Energy
OVO Energy was founded in 2009 and raised its 1st funding round 9 years after it was founded.
OVO Energy is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
OVO Energy is a funded company, having raised a total of $257.69M across 4 funding rounds to date. The company's 1st funding round was a Grant of $2.02M, raised on Dec 2018.
OVO Energy has 3,191 employees.
Annual revenue of OVO Energy is $1.25B as on Dec 31, 2018.
App-based power supplier from renewable energy sources. Users can create needs to log in to the website and select the kind of services required. Supplies electric power, biogas, and charging bundles for electric vehicles. Provides a vehicle module through which power stored in vehicles can be supplied to grid networks and can be controlled through the mobile application. Also provides heaters, energy storage systems, and smart electric meters. Customers can request a quote and pay the bill online. Its app is available for Android and iOS devices.
OVO Energy's top competitors include Octopus Energy, Hometree and EDF Energy.
OVO Energy offers Energy Tariffs, Smart Meters, Solar Panels, and EV Chargers.
OVO Energy has made 7 acquisitions, including Bonnet, ChargedEV, and Corgi Homeplan.
OVO Energy has 9 investors. Key investors include Morgan Stanley, Gov.uk, E.ON, Mitsubishi Corporation, and GLIL.
The valuation of OVO Energy is $1B as of Feb 2019.
OVO Energy operates through Ovo Energy Ltd.