Our investment in tem: redefining how the world buys energy

TLDR

• Atomico led tem’s Series A in 2024; the platform now serves 2,300+ businesses, has saved customers over $30M, and facilitated 2TWh in energy transactions in 2025.

Key Takeaways

• tem has processed 2TWh in energy transactions in 2025, equivalent to powering all of Zurich for a year.
• More than 2,300 businesses and hundreds of energy generators use the platform to buy and sell power with greater price transparency.
• Customers have saved over $30M on energy bills since the platform launched.
• Founders Joe, Jason, Ross, and Bart have built out leadership and attracted domain-expert talent since the Series A.
• The funding round includes Atomico, LSVP, and AlbionVC as investors.

Why It Matters

• Business energy procurement is opaque and intermediary-heavy; tem targets the structural inefficiency directly with a platform layer.
• Rising AI and data infrastructure demand is intensifying competition for power access and fair pricing, expanding the addressable problem.
• 2TWh facilitated and $30M saved in a short window after Series A signals real commercial traction, not just vision.

Atomico · 2026-02-10 · Read the original