When was tem founded?

tem was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is tem located?

tem is headquartered in London, United Kingdom. It is registered at 9 GLASGOW ROAD,PAISLEY,SCOTLAND,PA1 3QS.

Which legal entities is tem associated with?

tem is associated with TEM-ENERGY LIMITED and 1 other.

How many employees does tem have?

As of Aug 31, 2026, the latest employee count at tem is 240.

Is tem a funded company?

tem is a funded company, having raised a total of $95.8M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 25, 2022.

How much is tem worth?

The latest valuation of tem is £***** as of Aug 22, 2024.

When was the latest funding round of tem?

tem's latest funding was a $***** Series B round on Feb 09, 2026, with participation from 8 investors.

Where does tem rank among its competitors?

tem ranks 1st amongst 16 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was tem, which secured $75M in Feb, 2026.

Who are the top competitors of tem?

tem's top competitors include Dare, Quorum Development and Fendahl. Among them, tem secured the most recent funding round in February, 2026.

tem - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of renewable electricity semiconductors manufacturing services. It operates a platform called renewable energy direct (RED), which connects businesses directly with UK-based renewable energy generators, bypassing traditional energy wholesalers and utilities. This approach eliminates middlemen and associated markups, resulting in lower costs for businesses and more revenue for renewable generators.

Website: www.tem.energy/
Social
Email ID: *****@tem.energy
Registered Address: 9 GLASGOW ROAD,PAISLEY,SCOTLAND,PA1 3QS

Key Metrics

Founded Year

2021

Location

London, United Kingdom

Stage

Series B

Total Funding

$95.8M in 5 rounds

Latest Funding Round

Series B, Feb 09, 2026, $*****

Post Money Valuation

£***** as on Aug 22, 2024

Investors

Lightspeed Venture Partners & 16 more

Ranked

1^st among 16 active competitors

Employee Count

240 as on Aug 31, 2026

Similar Companies

Enmacc & 33 more

View tem's full profile

tem is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TEM-ENERGY LIMITED CIN: 13499591 , United Kingdom, Active	Jul 06, 2021	-	24 (As on Jul 31, 2024)
TEM LTD CIN: SC347529 , United Kingdom, Active	Aug 25, 2008	-	7 (As on Aug 31, 2024)

tem has raised a total funding of $95.8M over 5 rounds. Its first funding round was on Jan 25, 2022. Its latest funding round was a Series B round on Feb 09, 2026 for $*****. 8 investors participated in its latest round. tem has 15 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of tem:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 09, 2026	5229256	Series B	8598709	2739280	2278080	4101233
May 22, 2024	7958041	Series A	1111972	4026309	2682192	AlbionVC & 1 more
Jun 12, 2023	4042775	Seed	5018277	3472869	AlbionVC	Revent & 1 more

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View details of tem's funding rounds and investors

The founders of tem are Ross Mackay, Bartlomiej Szostek and Jason Stocks.

Here are the details of tem's key team members:

Ross Mackay: Co-Founder of tem.
Contact Info: 1 email address
Bartlomiej Szostek: Co-Founder & CTO of tem.
Jason Stocks: Co-Founder of tem.
Contact Info: 1 email address

View details of tem's Founder profiles and Board Members

tem's employee count trend

tem has 240 employees as of Aug 26. Here is tem's employee count trend over the years:

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Top competitors of tem include Dare, Quorum Development and Fendahl. Here is the list of Top 10 competitors of tem, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	tem 2021, London (United Kingdom), Series B	Provider of renewable electricity semiconductors manufacturing services	$95.8M	Allianz, Lightspeed Venture Partners & 15 others	59/100
2nd	Dare 2016, London (United Kingdom), Seed	Provider of liquidity and value across global commodities markets	$35.6K	Renarc	43/100
3rd	Quorum Development 2002, Sedgefield (United Kingdom), Unfunded	Provider of decentralized renewable energy trading software solutions	-	-	42/100
4th	Fendahl 2012, Dubai (United Arab Emirates), Unfunded	Provider of modular commodity trading and risk management software	-	-	38/100
5th	Open Energy Market 2013, London (United Kingdom), Series A	Energy buying platform	$4.18M	Calculus Capital, MassChallenge & 49 others	37/100
6th	Sitigrid 2019, London (United Kingdom), Seed	Provider of AI-driven P2P power trading solutions	$594K	Greenbackers Investment Capital & 14 others	27/100
7th	VEST Energy 2020, London (United Kingdom), Unfunded	Provider of AI-driven renewable energy trading solutions	-	-	27/100
8th	Contigo Software 2006, Solihull (United Kingdom), Acquired	Provider of cloud-based energy trading and risk management	-	-	25/100
9th	SeedLabs 2020, London (United Kingdom), Funding Raised	Developer of hardware and software for decentralized and decarbonized energy grids	-	-	24/100
10th	InRange 2021, London (United Kingdom), Seed	Provider of carbon foot print energy reducing services	-	Octopus Ventures, Lowercarbon & 2 others	23/100