Tem raises $75M to become the ‘Stripe of energy’ with AI transactions

Energy markets often feature unclear contracts, high fees, and outdated systems, which increase business costs by masking risks and inefficiencies.

As data centres, AI, and electrification are expected to drive a 165% increase in demand by 2030, London-based tem is updating the sector with AI-based infrastructure. Their platform automates clear transactions, reduces costs by up to 30%, and offers a modern neo-utility interface.

Today, tem raised $75 million in an oversubscribed Series B round led by Lightspeed Venture Partners, and Paul Murphy will join the board. Other investors include Hitachi Ventures, Voyager Ventures, Schroders Capital, AlbionVC, Atomico, and Allianz, bringing total funding to $94 million.

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