Loading organizations...
Octopus Energy operates as a global energy and technology company, supplying renewable electricity and gas. Its core offering integrates the proprietary Kraken platform, leveraging advanced data and machine learning to automate the energy supply chain. This technology enables efficient operations and delivers customer-centric energy management across its markets, driving efficiency and innovation within the energy sector.
Founded in 2015 by Greg Jackson, Stuart Jackson, and James Eddison, the company's inception stemmed from a belief that technology could accelerate and democratize the green energy transition for consumers. Moving beyond traditional utility structures, their vision was to build a digitally native provider focused on innovation and accessibility, addressing the complexities of legacy energy systems.
Octopus Energy directly serves residential and business customers with its renewable energy products. The Kraken platform is also licensed to numerous other energy providers globally, expanding its industry impact significantly. The company’s long-term vision focuses on spearheading an affordable, green energy system, facilitating a worldwide transition to sustainable energy sources.
Octopus has raised $5.0M across 1 funding round.
Octopus has raised $5.0M in total across 1 funding round.
Octopus has raised $5.0M in total across 1 funding round.
Octopus's investors include m1720, Openspace Ventures.
Octopus Tech is an India-based outsourcing and web development company founded in 2011, specializing in cost-effective solutions like customer support (voice and non-voice), virtual assistants, e-surveillance, web design, and eCommerce development.[1][4][6] It primarily serves mid-sized enterprises, startups, and large corporations in industries such as finance, eCommerce, healthcare, hospitality, and real estate, helping them streamline operations, enhance customer experiences, and drive digital transformation through integrated services.[1][4] With over 100 employees and estimated annual revenue between $2 million and $20 million, the company positions itself as a versatile partner rather than a siloed vendor, delivering measurable results via innovation, transparency, and competitive pricing.[1][6]
Octopus Tech was founded in 2011 in India, headquartered in areas like Chandigrah (Udyog Vihar), with a focus on bridging outsourcing and web development needs for global clients.[1][4] Key details on specific founders are not detailed in available sources, but the company emerged as a response to businesses seeking efficient, one-stop solutions amid growing digital demands, starting with call center services and expanding into comprehensive tech support.[1][4] Early traction came from its reputation as a top provider in India, building a client base across sectors through adaptable, high-quality services; by its decade mark, it had grown to over 100 employees while maintaining a commitment to long-term partnerships.[1][6]
Octopus Tech rides the wave of digital transformation and outsourcing growth, particularly in emerging markets where businesses seek affordable ways to scale tech operations amid rising eCommerce and remote work trends.[1][6] Timing aligns with post-pandemic demand for integrated BPO-tech hybrids, as companies optimize costs without sacrificing innovation—India's outsourcing hub status amplifies this, with Octopus filling gaps for SMEs lacking in-house dev teams.[1][4] It influences the ecosystem by enabling startups and mid-sized firms to compete globally via accessible web/mobile solutions, fostering efficiency in high-growth sectors like eCommerce and fintech.[1][6]
Octopus Tech is poised for steady expansion by deepening its all-in-one outsourcing model amid AI-driven automation and eCommerce booms, potentially scaling revenue through enterprise wins and new verticals like healthcare tech.[1][6] Trends like remote VA demand and low-code web tools will shape its path, enhancing resilience via global client diversification. Its influence may evolve from regional outsourcer to key enabler of digital agility, solidifying its role as businesses prioritize versatile, cost-optimized partners—echoing its founding promise to extend operations, not just support them.[1]
Octopus has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $5M Seed | — | M1720, Openspace Ventures | Announced |
