Boss of Britain’s biggest energy supplier secures £300m fortune

Core Insights - Greg Jackson, co-founder of Octopus Energy, has a stake in the company valued at approximately £300 million following the sale of its technology arm, Kraken, which is now valued at $8.7 billion (£6.4 billion) [2][3] - The sale of Kraken will see $1 billion invested by a mix of new and existing backers, with $850 million of this amount being reinvested back into Octopus Energy for expansion [2][7] Company Overview - Octopus Energy, founded in 2015, has grown to become the largest energy supplier in Britain, serving over 7.8 million households [5] - The company not only supplies gas and electricity but also leases electric vehicles, installs solar panels and heat pumps, and has licensed its Kraken software to other utility providers [6] Investment and Financials - The recent investment round includes notable new investors such as D1 Capital Partners, Stripe, and OpenAI, alongside existing investors like Octopus Capital and the Canada Pension Plan Investment Board [3][8] - The total funds raised, including an additional $320 million from existing investors, amount to $1.2 billion, which will be used as a "war chest" for further expansion [7]