<article>Octopus Energy&#8217;s valuation has risen by 15% to $9 billion after two shareholders increased their stakes in the energy and technology group, it said on Tuesday.</article>

Octopus Energy&#8217;s valuation has risen by 15% to $9 billion after two shareholders increased their stakes in the energy and technology group, it said on Tuesday.
Generation Investment Management has raised its stake to 13% and Canada Pension Plan Investment Board increased its stake to 12%.
Last month Octopus Energy overtook Centrica&#8217;s British Gas to become Britain&#8217;s largest domestic electricity supplier by customer numbers, having acquired Shell Energy late last year.
The investments will help to drive the company&#8217;s plans to extend its Kraken energy software technology into US markets, Octopus said.
Since launching eight years ago, Octopus has raised more than $2 billion from global investors and expanded into 18 countries, it said.
Reuters

UK-based Octopus Energy has raised more than $2 billion from global investors and expanded into 18 countries.

Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake

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Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake

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