Tech Company Financing Transactions
Octopus Energy Group Funding Round
Canada Pension Plan Investment Board and private investors participated in a $550 million funding round for Octopus Energy Group. This VC investment round was announced on 7/29/2022.
Transaction Overview
Company Name
Announced On
7/29/2022
Transaction Type
Venture Equity
Amount
$550,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The new cash infusion will be utilised to further improve its energy technology platform, Kraken, and invest in products and solutions that can help solve the energy crisis and drive renewables at scale.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
UK House 5th floor 164-182 Oxford St.
London, W1D 1NN
UK
London, W1D 1NN
UK
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Being the UK's most awarded energy supplier is about more than offering the cheapest deals. We keep our costs far lower than other suppliers so we can pass savings on to you. We've never made a profit, and in the energy crisis, we've shouldered more than £150 million to give our customers the lowest variable tariff in the UK.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Greg Jackson
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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