Lightspeed makes rare investment in European energy tech: ‘Strategic partnership was our absolute priority’
9 feb. 2026
22:35
Silicon Valley heavyweight Lightspeed has backed a UK startup which claims to cut the costs of procuring energy by up to 30%.
“Lightspeed share our conviction that the energy system needs to be fundamentally rebuilt," Joe McDonald, cofounder and CEO at tem, tells Impact Loop.
“Lightspeed share our conviction that the energy system needs to be fundamentally rebuilt," Joe McDonald, cofounder and CEO at tem, tells Impact Loop.
Lightspeed Venture Partners has led a $75m investment in tem, a fast-growing UK-based energy tech startup which is now looking to expand across the Atlantic.
One of the world’s most prominent VCs, Silicon Valley-based Lightspeed’s portfolio includes financial services platform Stripe, now valued at over $100bn, and Anthropic, the maker of the Claude large language model (LLM) which just raised $20bn at a $350bn valuation.