# Tibber AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tibber

- Industry: Software
- Headquarters: Forde, Norway
- Website: www.tibber.com/
- Total disclosed funding: $142M
- Latest round: Series C (Mar 10, 2022)
- Investors on record: 7

## About

Based in Norway, Tibber AS is a digital energy company that provides innovative solutions for smart electricity consumption, primarily targeting homes across Europe.Tibber AS, founded in 2016 in Forde, Norway, operates as a digital energy firm that empowers consumers with tools to manage their electricity usage. The company's CEO is Edgeir Aksnes. In June 2022, Tibber raised USD 100.00 mn in a Series C funding round led by Summa Equity, with other notable investors including Balderton Capital, Eight Roads Ventures, and Schibsted ASA. The total amount raised by the company to date is USD 100.00 mn, with 8 total deals completed.Tibber operates as a fully digital energy company focusing on delivering smart electricity consumption solutions in Sweden, Norway, Germany, and the Netherlands. The company enables users to effectively manage energy bills and consumption through a subscription service that offers electricity at transparent prices linked to real-time market rates, promoting sustainable energy practices. Tibber primarily serves individual consumers and households aiming to optimize their energy usage.Tibber generates revenue through a subscription model, allowing customers to access its digital platform and energy services. In 2024, the company's revenue reached USD 541,498,630.30, with an EBITDA of USD 911,203.30. The pricing structure is linked to fluctuating market rates, ensuring transparency and fostering customer loyalty.Tibber AS plans to leverage its recent funding, acquired in June 2022, to expand its business throughout Europe. This initiative aims to enhance its offerings and potentially develop new products tailored for emerging markets. The acquisition of a minority stake by Altor is expected to facilitate these growth strategies.

## Funding rounds

- Series C, Mar 10, 2022, $100M — Eight Roads Ventures, Balderton Capital, Summa Equity, Schibsted ASA
- Series B, Nov 17, 2020, $30M — Founders Fund, Eight Roads Ventures, Balderton Capital
- Series A, Mar 19, 2019, $12M — Founders Fund, Wiski Capital, Strawberry Equities AS

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series B
- Wiski Capital — Series A
- Strawberry Equities AS — Series A
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B, Series C
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series B, Series C
- Summa Equity (https://capitalatlas.ai/funds/summa-equity) — Series C
- Schibsted ASA — Series C