When was OVO Energy founded?

OVO Energy was founded in 2009 and raised its 1st funding round 9 years after it was founded.

Where is OVO Energy located?

OVO Energy is headquartered in Bristol, United Kingdom. It is registered at 1 RIVERGATE,TEMPLE QUAY,BRISTOL,BS1 6ED.

How many employees does OVO Energy have?

As of May 31, 2026, the latest employee count at OVO Energy is 3191.

Is OVO Energy a funded company?

OVO Energy is a funded company, having raised a total of $258M across 4 funding rounds to date. The company's 1st funding round was a $2.02M Grant (prize money) round, raised on Dec 21, 2018.

How much is OVO Energy worth?

The last known valuation of OVO Energy was £1B as of Feb 25, 2019.

When was the latest funding round of OVO Energy?

OVO Energy's latest funding was a $258M Series D round on Jul 21, 2023, with participation from 2 investors.

What is the annual revenue of OVO Energy?

Annual revenue of OVO Energy is between £500M and £1B as on Dec 31, 2018

Is OVO Energy a Energy Efficiency Tech company?

The primary sectors of OVO Energy are Energy Efficiency Tech and Smart Grid.

Where does OVO Energy rank among its competitors?

OVO Energy ranks 1st amongst 10 active competitors, of which 4 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Octopus Energy, which secured an undisclosed amount in Dec, 2025.

Who are the top competitors of OVO Energy?

OVO Energy's top competitors include Octopus Energy, EDF Energy and Hometree. Among them, Octopus Energy secured the most recent funding round in December, 2025.

OVO Energy - 2026 Company Profile, Team, Funding, Competitors & Financials

OVO Energy is an acquired company based in Bristol (United Kingdom), founded in 2009 by Stephen Fitzpatrick. It operates as a Provider of residential electricity and natural gas supply utility services. OVO Energy has raised $258M in funding from Mitsubishi Corporation, with last known valuation of £1B. The company has 10 active competitors, including 4 funded and 3 that have exited. Its top competitors include companies like Octopus Energy, EDF Energy and Hometree.

Sectors and market segments that OVO Energy operate in

OVO Energy serves in the Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of OVO Energy are:

Company Details

Provider of residential electricity and natural gas supply utility services. This business supplies energy to households and offers equipment installation and maintenance for heating systems, boilers, and electric vehicle charging hardware. Additional services include the installation of solar panels and battery storage systems for residential energy generation. The business provides insurance coverage for home appliances, plumbing, and electrical systems. Customers manage accounts and monitor energy usage through a digital application.

Website: www.ovoenergy.com/
Social
Email ID: *****@ovoenergy.com
Phone Number: +44 **********
Part Of
Registered Address: 1 RIVERGATE,TEMPLE QUAY,BRISTOL,BS1 6ED

Key Metrics

Founded Year

2009

Location

Bristol, United Kingdom

Stage

Acquired

Total Funding

$258M in 4 rounds

Latest Funding Round

Series D, Jul 21, 2023, $258M

Last Known Valuation

£1B as on Feb 25, 2019

Investors

Mitsubishi Corporation & 5 more

Ranked

1^st among 10 active competitors

Annual Revenue

£500M - £1B as on Dec 31, 2018

Employee Count

3,191 as on May 31, 2026

Investment & Acquisitions

Bonnet & 2 more

Similar Companies

Octopus Energy & 36 more

Exit Details

Acquired by E.ON (May 11, 2026)

View OVO Energy's full profile

OVO Energy is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
OVO Energy Limited CIN: 6890795 , Germany, Active	Apr 28, 2009	£500M - £1B (As on Dec 31, 2018)	4138 (As on Dec 31, 2024)
OVO ELECTRICITY LTD CIN: 6858121 , United Kingdom, Active	Mar 24, 2009	-	-
OVO ENERGY LTD CIN: 6890795 , United Kingdom, Active	Apr 28, 2009	-	-

OVO Energy got acquired by E.ON on May 11, 2026.

Click here to take a look at OVO Energy's acquisition in detail

OVO Energy has raised a total funding of $258M over 4 rounds. Its first funding round was on Dec 21, 2018. Its latest funding round was a Series D round on Jul 21, 2023 for $258M. 2 investors participated in its latest round. OVO Energy has 5 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of OVO Energy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 21, 2023	$258M	Series D	-	-	-	Morgan Stanley, Mayfair
Jun 30, 2020	$5.18M	Grant (prize money)	-	-	-	-
Feb 14, 2019	$258M	Series D	$1.31B	0.6x	Mitsubishi Corporation	-

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View details of OVO Energy's funding rounds and investors

The founders of OVO Energy is Stephen Fitzpatrick. Chris Houghton is the CEO of OVO Energy.

Here are the details of OVO Energy's key team members:

Stephen Fitzpatrick: Founder of OVO Energy and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 2 email addresses
Chris Houghton: CEO of OVO Energy.
Contact Info: 1 email address

OVO Energy's Board of Directors

OVO Energy's board has 2 active members. Raman Bhatia and Vincent Francis Casey are part of team.

Here is the list of OVO Energy's board of directors:

Name	Type	Representing	Status	Duration
Stephen Fitzpatrick	Team	-	Past	11y 8m
Raman Bhatia	Team	-	Current	5y 5m
Vincent Francis Casey	Team	-	Current	8y 0m
William Thomas Castell	Team	-	Past	0y 11m
Adrian James Letts	Team	-	Past	3y 1m
Ben Blake	Team	-	Past	0y 10m
Sarah Calcott	Team	-	Past	1y 1m
Kristopher John Black	Investor	-	Past	0y 4m
Niall Wass	Independent board member	-	Past	5y 1m
Christopher Paul Houghton	Independent board member	-	Past	3y 10m
Stephen Thomas Murphy	Independent board member	-	Past	5y 11m
Jonathan Wyn Owen	Independent board member	-	Past	2y 1m

View details of OVO Energy's Founder profiles and Board Members

OVO Energy's employee count trend

OVO Energy has 3,191 employees as of May 26. Here is OVO Energy's employee count trend over the years:

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Top competitors of OVO Energy include Octopus Energy, EDF Energy and Hometree. Here is the list of Top 10 competitors of OVO Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	OVO Energy 2009, Bristol (United Kingdom), Acquired	Provider of residential electricity and natural gas supply utility services	$258M	Mayfair, Morgan Stanley & 4 others	83/100
2nd	Octopus Energy 2015, London (United Kingdom), Series F	Retailer of electricity and gas providing heat pumps and chargers	$1.96B	Generation Investment Management, CPP Investments ... & 21 others	83/100
3rd	EDF Energy 2010, London (United Kingdom), Funding Raised	Electric utility company	-	Gov, Legal & General Capital & 2 others	70/100
4th	Hometree 2016, London (United Kingdom), Series C	Provider of an online platform for home insurance	$268M	Literacy Capital, Frontline Ventures & 58 others	69/100
5th	Bulb 2014, London (United Kingdom), Acquired	Renewable energy supplier	$91.5M	DST Global, Magnetar & 34 others	59/100
6th	Heatio 2022, Liverpool (United Kingdom), Seed	Renewable energy management and monitoring system	$2.53M	Ascension, Syndicate Room & 4 others	43/100
7th	Furbnow 2022, Birmingham (United Kingdom), Seed	Provider of home energy efficiency upgrade planning and management services	$1.21M	SFC Capital, Founders Factory & 1 others	35/100
8th	Fornax Energy 2022, London (United Kingdom), Funding Raised	Company that offers a clean heating subscription service, specializing in air source heat pump systems for homeowners, aiming to modernize home heating while reducing carbon footprint	-	Village Capital	24/100
9th	Heatly 2022, Richmond (United Kingdom), Unfunded	Business management software for heat pump installers	-	-	24/100
10th	Maven Energy 2021, Stamford (United Kingdom), Acquired	Manufacturer of solar powered products	-	-	20/100

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OVO Energy has made 1 investment in 4hundred and acquired Bonnet and Spark Energy.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 24, 2023	Acquisition	Bonnet	2019	London (United Kingdom)
Oct 2018	Acquisition	Spark Energy	2007	Selkirk (United Kingdom)
2018	Investments	4hundred	2017	Starnberg (Germany)