Octopus tech arm valued at $9bn ahead of spin off
Yahoo Finance·2025-12-30 07:08

Octopus, founded by Greg Jackson, overtook British Gas earlier this year to become the UK’s largest household energy supplier - Jeff Gilbert Octopus Energy’s tech arm Kraken has been valued at nearly 9bn(£6.4bn)aftertheenergygiantoffloadedasignificantstaketoagroupofAmericanbackers.TheUKsbiggestenergysupplieronMondaysaidinvestorsledbyD1CapitalPartnersandFidelityInternationalwouldsinkabout9bn (£6.4bn) after the energy giant offloaded a significant stake to a group of American backers. The UK’s biggest energy supplier on Monday said investors led by D1 Capital Partners and Fidelity International would sink about 1bn of fresh money into Kraken in return for an undisclosed stake. Some of the f ...