tem, founded in 2021, is revolutionizing the energy sector with a unique approach to transaction infrastructure. Their slogan, "Redefining how the world transacts energy," aptly captures their mission to facilitate universal access to affordable electricity. Based in the United Kingdom, tem serves over 3,000 customers with their product RED, a modern utility experience offering transparent and 30% cheaper energy.
Leveraging the power of AI, tem is determined to become the trusted platform for global energy transactions, committed to 100% transparency in energy costs. Their recent €75.00M Series B investment on 10 February 2026 underscores their growth potential and market traction.
The funding round was backed by an impressive roster of investors, including Revent, Lightspeed Venture Partners, Atomico, Hitachi Ventures, Schroders Capital, Voyager Ventures, Allianz, and AlbionVC. This strong financial backing positions tem as a promising player in the Energy, Industrial, Renewable Energy, and Energy Efficiency industries.