# Octopus Energy

**Source:** https://www.startuphub.ai/startups/octopus-energy
**Profile type:** Startup

> Global clean energy tech company using proprietary software to provide affordable, renewable energy solutions.

## About

Octopus Energy is a technology-led energy supplier that uses its proprietary cloud-based platform, Kraken, to automate customer service, billing, and grid balancing. It provides renewable energy to millions of households and businesses globally while licensing its platform to other major energy retailers.

## Key facts

- **Slug:** octopus-energy
- **Website:** https://octopus.energy
- **Location:** London, United Kingdom
- **Founded:** 2016-01-01
- **Employees:** 4810
- **Operating status:** Active
- **Total funding:** $800M
- **Sectors / tags:** Energy, Cleantech, SaaS, Sustainability
- **Social:**
  - LinkedIn: https://linkedin.com/company/octopus-energy
  - Twitter: https://x.com/OctopusEnergy
  - GitHub: https://github.com/verlok
  - Facebook: https://facebook.com/OctopusEnergy

## Frequently asked

### What does Octopus Energy do?

Octopus Energy is a technology-led energy supplier that uses its proprietary cloud-based platform, Kraken, to automate customer service, billing, and grid balancing. It provides renewable energy to millions of households and businesses globally while licensing its platform to other major energy retailers.

### How much funding has Octopus Energy raised?

Octopus Energy has raised a total of $800M in funding. The most recent round on record is Series F.

### Where is Octopus Energy headquartered?

Octopus Energy is headquartered in London, United Kingdom.

### When was Octopus Energy founded?

Octopus Energy was founded in 2016.

### What industry does Octopus Energy operate in?

Octopus Energy operates in Energy, Cleantech, SaaS, Sustainability.

### How many employees does Octopus Energy have?

Octopus Energy has approximately 4810 people on record.

### What is Octopus Energy's revenue?

StartupHub estimates Octopus Energy's annual revenue at $3.2B (range $1.6B to $8.4B, 71% confidence), based on comparable companies in the sector.

### What is Octopus Energy's valuation?

StartupHub estimates Octopus Energy's effective valuation at $12.0B (range $12.0B to $123.8B, 48% confidence), based on comparable companies in the sector.

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