Tem Secures $75 Million to Revolutionize Energy Trading

Tem, a London-based energy software company, has raised $75 million in a Series B funding round led by Lightspeed Venture Partners. Valued at over $300 million, the funding will aid its expansion into the U.S. and Australia. Tem's AI-driven platform automates electricity transactions, significantly reducing costs. More than 2,600 UK businesses already use the service, achieving up to 30% savings.