Octopus Energy Limited announced that it has entered into investment agreement for common shares for the gross proceeds of £475,000,000 on September 27, 2021. The transaction will include participation from new investor a fund managed by Generation Investment Management LLP for £437,000,000 for 13% stake and returning investor Origin Energy Limited for £38,000,000 and will retain its 20% stake in the company. The round is raised at post money valuation of £3,300,000,000.

The company has received £211,000,000 in its first tranche for 7% stake in the company and will receive £226,000,000 in second tranche in June 2022, subject to certain additional financing conditions.