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Total amount raised
$3.5B
Latest funding date
2025-12-29
Location
Octopus Energy has successfully raised funds over 9 rounds, with the latest being a Private Equity round. The company has also established a venture fund named "Octopus Energy Development Partnership."
What Is Octopus Energy?
Octopus Energy is a clean energy technology company based in London, England, United Kingdom. The company operates in various sectors including CleanTech, Energy, Energy Efficiency, GreenTech, and Renewable Energy.
Founded with a mission to provide green energy solutions, Octopus Energy has grown significantly, employing between 5,001 and 10,000 people. The company is known for its customer-centric approach and has been highly rated for its services, including energy supply, heat pumps, solar and battery solutions, and electric vehicle support.
How Much Funding Has Octopus Energy Raised?
- Corporate Round
- Amount Raised: USD 327,000,000 (AUD 507,000,000)
- Date: May 2020
- Lead Investors: Origin Energy
- Valuation at Round: Approximately USD 1.1 billion (unicorn status)
- Motivation Behind the Round: Origin Energy acquired a 20% stake to expand market presence and license Kraken technology in Australia.
- Grant
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: UK Department for Business and Trade
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support clean energy research and development.
- Corporate Round
- Amount Raised: USD 250,000,000 (Tokyo Gas: USD 200,000,000; Origin Energy: USD 50,000,000)
- Date: December 2020
- Lead Investors: Tokyo Gas
- Valuation at Round: Approximately USD 2.1 billion
- Motivation Behind the Round: Tokyo Gas acquired a 9.7% stake; Origin maintained its position. Funds used to expand clean energy solutions globally.
- Private Equity Round
- Amount Raised: USD 600,000,000
- Date: September 2021
- Lead Investors: Generation Investment Management
- Valuation at Round: Approximately USD 4.6 billion
- Motivation Behind the Round: Generation Investment Management acquired a 13% stake to accelerate Octopus's global green energy mission.
- Private Equity Round
- Amount Raised: USD 300,000,000
- Date: December 2021
- Lead Investors: CPP Investments
- Valuation at Round: Approximately USD 5.0 billion
- Motivation Behind the Round: CPP Investments' initial equity stake to support global expansion and green energy scaling.
- Private Equity Round
- Amount Raised: USD 550,000,000 (USD 325,000,000 from existing shareholders; USD 225,000,000 from CPP Investments)
- Date: July 2022
- Lead Investors: CPP Investments (additional tranche); existing shareholders
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance clean energy technology platform and expand renewables integration.
- Private Equity Round
- Amount Raised: USD 800,000,000
- Date: December 2023
- Lead Investors: CPP Investments (co-lead), existing shareholders
- Valuation at Round: Approximately USD 7.8 billion
- Motivation Behind the Round: Existing investors (Tokyo Gas, Origin Energy, CPP Investments, Generation Investment Management) deployed capital to accelerate clean energy buildout and create green jobs.
- Private Equity Round
- Amount Raised: USD 370,000,000
- Date: May 2024
- Lead Investors: Generation Investment Management, CPP Investments
- Valuation at Round: Approximately USD 9.0 billion
- Motivation Behind the Round: Further investment by existing shareholders plus new investors (Aware Super and a US pension fund via GIM) to support continued global growth.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: June 2024
- Lead Investors: Lightrock, Galvanize Climate Solutions
- Valuation at Round: Approximately USD 9.0 billion
- Motivation Behind the Round: New strategic investors joined to support clean energy expansion, particularly in North America.
- Private Equity Round
- Amount Raised: USD 320,000,000 (injected directly into Octopus Energy, separate from the USD 1 billion Kraken standalone raise)
- Date: December 2025
- Lead Investors: Octopus Capital
- Valuation at Round: Not publicly disclosed (Kraken valued at USD 8.65 billion as a standalone entity)
- Motivation Behind the Round: As part of the Kraken spin-out, Octopus Capital and other investors injected $320 million into Octopus Energy for innovation and growth, while D1 Capital Partners led a $1 billion first standalone raise for Kraken at an $8.65 billion valuation.
Total Amount Raised: At least USD 3,517,000,000 based on disclosed funding (excludes undisclosed amounts from the August 2020 grant and June 2024 round).
Current Valuation: Not publicly disclosed for Octopus Energy Group (Kraken spun out at USD 8.65 billion valuation as of December 2025).
Key Investors
- Generation Investment Management
- Details: Generation Investment Management is a sustainability-focused investment firm co-founded by former US Vice President Al Gore. It led Octopus Energy's September 2021 round ($600 million, 13% stake) and co-led the May 2024 round ($370 million).
- Investment Focus Areas: Sustainability, Clean Energy, Technology
- Notable Investments: Lead investor in multiple rounds for Octopus Energy Group
- CPP Investments
- Details: CPP Investments is the professional investment management organization for Canada's national pension plan. It first invested $300 million in December 2021 and has participated in every subsequent round, co-leading the December 2023 ($800 million) and May 2024 ($370 million) rounds.
- Investment Focus Areas: Infrastructure, Real Estate, Private Equity, Clean Energy
- Notable Investments: Multiple rounds across 2021, 2022, 2023, and 2024 in Octopus Energy Group
- Tokyo Gas
- Details: Tokyo Gas is Japan's largest gas utility. It invested $200 million in December 2020 for a 9.7% stake and remained an investor in the December 2023 round.
- Investment Focus Areas: Energy, Natural Gas, Electricity
- Notable Investments: Strategic partner and recurring investor in Octopus Energy Group
- Octopus Capital
- Details: Octopus Capital is the original backer of Octopus Energy Group, and led the December 2025 $320 million injection into Octopus Energy alongside other investors as part of the Kraken spin-out process.
- Investment Focus Areas: CleanTech, Energy, Energy Efficiency, GreenTech, Renewable Energy
- Notable Investments: Lead investor in the December 2025 round
- Lightrock
- Details: Lightrock is a global impact investment firm chaired by Prince Max Von Liechtenstein. It joined as a new strategic investor in June 2024 at an undisclosed amount at a $9 billion valuation.
- Investment Focus Areas: Impact investing, Clean Energy, Sustainability
- Notable Investments: New investor in Octopus Energy Group (June 2024)
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm founded by Daniel Sundheim. It led the $1 billion standalone raise for Kraken Technologies in December 2025 alongside Fidelity International, Durable Capital Partners, and Ontario Teachers' Pension Plan.
- Investment Focus Areas: Technology, Growth Equity
- Notable Investments: Lead investor in Kraken's $1 billion standalone raise (December 2025)
What's Next for Octopus Energy?
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