UK-based entech unicorn Octopus Energy announced on Monday that it has struck a “major strategic partnership” with Generation Investment Management, an investment fund co-founded by the former US Vice President Al Gore. The fund focuses on sustainability and combating climate change.
As part of the deal, Octopus Energy Group will receive $600M (nearly €513.5M) of additional investment from Generation Investment Management, pushing the entech’s valuation to almost $4.6B (nearly €3.94B).