Krux
February 12, 2026
Energy Startup Tem Bags $75M to Slash Your Electricity Bills
Published: February 12, 2026 at 5:09 AM
Updated: February 12, 2026 at 5:09 AM
100-word summary
London's Tem just raised $75 million in an oversubscribed Series B led by Lightspeed, hitting a $300M+ valuation. The AI-native energy platform automates electricity trading—cutting costs up to 30% by ditching middlemen. Already serving 2,600+ UK businesses (hello, Newcastle United FC), Tem processed two terawatt-hours in 2025. Now it's eyeing Texas and Australia, aiming to become the "Stripe of energy." If Tem's model scales globally, traditional energy brokers could face an existential reckoning as AI-driven platforms commoditize what was once a relationship-driven market.
What happened
London's Tem just raised $75 million in an oversubscribed Series B led by Lightspeed, hitting a $300M+ valuation. The AI-native energy platform automates electricity trading—cutting costs up to 30% by ditching middlemen. Already serving 2,600+ UK businesses (hello, Newcastle United FC), Tem processed two terawatt-hours in 2025. Now it's eyeing Texas and Australia, aiming to become the "Stripe of energy."
Why it matters
If Tem's model scales globally, traditional energy brokers could face an existential reckoning as AI-driven platforms commoditize what was once a relationship-driven market.