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§ Private Profile · Manchester, Manchester, United Kingdom
AI SaaS platform for real-time distributed energy resource management, optimizing operations for utilities and supporting energy transition.
KrakenFlex, based in London, England, provides real-time distributed energy resource management and monitoring technology, operating as a utility-grade AI platform. Originally developed within Octopus Energy Group, the platform optimizes operations for energy suppliers and other utilities, supporting customer service and operational efficiency. As of November 2025, it manages over 75 million customer accounts across 27 countries, with £380 million in contracted annual recurring revenue and £136.3 million in FY2024 revenue. The company, which employs over 2,000 individuals, serves customers such as E.ON Next, EDF, Origin Energy, Octopus Energy, and Tokyo Gas. Gavin Patterson was appointed chairman in November 2023, and Amir Orad became CEO in July 2024. KrakenFlex was introduced in 2017 by Octopus Energy Group, founded by Greg Jackson, Stuart Jackson, and James Eddison.
KrakenFlex has raised $780K across 1 funding round.
KrakenFlex has raised $780K in total across 1 funding round.
KrakenFlex has raised $780K across 1 funding round. Most recently, it raised $780K Seed in April 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 21, 2016 | $780K Seed | — | Chris Joly, IAN Marchant, ClearlySo | Announced |
KrakenFlex has raised $780K in total across 1 funding round.
KrakenFlex's investors include Chris Joly, Ian Marchant, ClearlySo.