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tem. raises £2.5m to fix broken energy markets

Investors in this round: Led by AlbionVC with investment from Revent and Christian Deger

tem. – the startup taking aim at the systemic failings of the energy sector by reimagining how renewable energy is bought and sold – has raised a £2.5 million Seed funding round, led by Europe’s most experienced B2B investor, AlbionVC. Purpose-driven tech fund, Revent as well as leading fintech angel, Christian Deger (Payworks founder and CEO) also participated.

tem. is addressing one of the most pressing needs of energy generators and buyers today – automatically matching supply with demand. Its AI-driven platform identifies the best possible matches between businesses and renewable energy generators. It then fully manages the end to end transaction between all parties directly rather than going through traditional markets. 

This means, for the first time, businesses of all shapes and sizes, not just big corporations, can bypass inefficient utilities and purchase energy based on their unique needs. Thus democratising greater access to true, traceable, renewable energy, while cutting transaction costs by up to 10x. With tem. SMBs get cheaper and greener energy simply as they would from a traditional utility, whilst energy producers get transparently more money in return. 

Having played leading roles in the growth and exit of Limejump – an energy tech startup acquired by Shell in 2019, the four tem. founders possess a rare combination of energy markets experience, software development and FinTech expertise which leaves the company uniquely positioned to take advantage of the substantial opportunity in front of it.

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£2.5m

tem. raises £2.5m to fix broken energy markets

By UKBAA 20 Jul 2023