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OCTOPUS ENERGY
Octopus Energy
Energy retailing and generation · London · United Kingdom · Founded · 2015 · ≈ · 11,000 · employees

Octopus Energy Valuation: $8.7B After the Dec 2025 Kraken Spinoff Funding

Private

Octopus Energy was last valued at $8.7B (post-money). It comes from the $1B Kraken Spinoff Funding of Dec 2025. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Octopus Energy valuation · at a glance
Last valuation
$8.7B
POST-MONEY · DEC 2025
Lead investors
6
across 8 rounds
Raised across rounds
$3.5B
8 rounds
Date of last round
Dec 2025
closed 1 Dec 2025
Valuation history

How the Octopus Energy valuation has moved

6 valuations. The latest, $8.7B post-money, was set by the Kraken Spinoff Funding in Dec 2025.

$8.7B
Dec 2020
$2.1B
Tokyo Gas 9.7% stake + Origin follow-on · post-money
Sep 2021
$4.6B
Generation Investment Management 13% stake · post-money
+119% vs prior valuation
Dec 2021
$5B
CPP Investments partnership · post-money
+9% vs prior valuation
Dec 2023
$8B
Existing-shareholder round · post-money
+60% vs prior valuation
Jan 2024
$9B
Lightrock/Galvanise round · post-money
+12% vs prior valuation
Dec 2025
$8.7BLATEST
Kraken Spinoff Funding · post-money
−4% vs prior valuation
Latest valuation
$8.7Bpost-money
Set by the Kraken Spinoff Funding · 1 Dec 2025
×4.1since the $2.1B Tokyo Gas 9.7% stake + Origin follow-on in Dec 2020
Valuations
6
Priced rounds with a valuation
Event type
Primary round
The Kraken Spinoff Funding · $1B raised
Undated: Series G at —.
Funding rounds

Octopus Energy rounds and the valuation each one set

8 rounds
Round
Date
Amount
Valuation
Basis
Kraken Spinoff Funding LATEST
1 Dec 2025
$1B
$8.7B
POST-MONEY
Lightrock/Galvanise round
1 Jan 2024
—
$9B
POST-MONEY
Existing-shareholder round
1 Dec 2023
$800M
$8B
POST-MONEY
CPP Investments partnership
1 Dec 2021
$300M
$5B
POST-MONEY
Generation Investment Management 13% stake
1 Sep 2021
$600M
$4.6B
POST-MONEY
Tokyo Gas 9.7% stake + Origin follow-on
1 Dec 2020
$243M
$2.1B
POST-MONEY
Origin Energy 20% stake
1 May 2020
—
—
—
Series G
—
$550M
—
—
Lead investors
Leads: Canada Pension Plan Investment Board, Galvanise, Generation Investment Management, Lightrock, Origin Energy, Tokyo Gas.
Full funding history — Octopus Energy profile ›
What the valuation means

What the $8.7B actually measures

A private valuation is the price agreed in one transaction. The Octopus Energy valuation of $8.7B is a post-money figure from the Kraken Spinoff Funding dated 1 Dec 2025 — the whole company measured after the $1B raised in that round was already inside it. Subtract the round and the pre-money view of the same deal is $7.7B .

The valuation holds until the next priced round or secondary sale. A private company founded in 2015 with roughly 11,000 people has no daily price and no order book between rounds.

Where the $8.7B comes from
EventKraken Spinoff Funding, dated 1 Dec 2025
Basispost-money
Round size$1B

Frequently asked questions

How can I get exposure to Octopus Energy?›

The routes section explains what is realistically available for a company at this stage.

Is Octopus Energy publicly traded?›

No. Octopus Energy is a private company; its shares do not trade on a public exchange.

What is Octopus Energy's valuation?›

The last valuation is $8.7B (post-money, Dec 2025).

Who has invested in Octopus Energy?›

Lead investors for each round are in the funding timeline.

Who are Octopus Energy's competitors?›

The closest energy retailing and generation peers are on the competitors page.

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