On Friday, Crowdcube announced some exciting news about its #FundedClub member Tempus Energy.
The equity crowdfunding platform declared in its blog:
“Tempus Energy, which raised over £600,000 from 235 investors on Crowdcube last summer, has secured a further £3.78m of funding. This latest investment round, which valued the company at £23.78m, takes the total amount invested Tempus Energy during 2015 to just under £5m. The company also announced that John Coomber, the former CEO of the Pension Insurance Corporation (PIC) and former group CEO of Swiss Reinsurance, will join the board.
“Tempus Energy is a clean-tech start-up that has developed an innovative demand-side management and trading technology platform which it uses to connect homes and businesses to the cheapest available electricity at any given time. They’re the first electricity supplier to offer an integrated demand flexibility tariff, bringing cost savings to customers by automatically shifting non-time-critical load into cheaper periods, such as off-peak times or when renewable generation is plentiful.”
Coomber noted:
“Tempus Energy is a pioneer in the global race to unlock customer value from our outdated and inefficient energy systems and I am thrilled to be joining the board.”
Sara Bell, CEO of Tempus Energy added:
“Using our innovative supply model to unlock better value from UK energy is good for customers and UK plc. Tempus works hard to deliver value to customers through innovation. I am motivated by the fact that every time we lower our customers’ energy bills, we are empowering other British businesses to be more competitive in their own markets.”
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