Octopus Energy Valuation Tops £6 Billion After Fundraising Round

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Octopus Energy Group raised a further $800 million from existing investors, lifting the UK utility’s valuation to £6.2 billion ($7.8 billion).

Investors including Origin Energy Ltd., Tokyo Gas Co., Al Gore’s Generation Asset Management and the Canada Pension Plan Investment Board committed fresh funds, the company said Monday in an emailed statement. That boosted its valuation by 60% since a fundraise two years ago.

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