Tibber is a Sweden-based smart energy technology company that provides a fully digital electricity supply service through its mobile app, acting as a "digital butler" to help households buy, control, and save on renewable energy.[1][2][4][5][6] The app serves residential customers in Norway, Sweden, Germany, and the Netherlands by offering real-time pricing visibility, AI-driven consumption analytics, and automated optimization—like shifting usage to off-peak hours or charging EVs with cheap green energy—reducing bills by up to 20% and promoting sustainability.[1][4][5][6][8] With hundreds of thousands of users and over 300 employees as of recent reports, Tibber has shown strong growth, expanding from Norway in 2016 to multiple markets while integrating smart home devices via its online store.[1][4][5][7]
Tibber was founded in 2016 by Norwegian-Swedish energy engineers Daniel Lindén and Edgeir Vårdal Aksnes (also referred to as Edgeir Aksnes), who had years of experience in the energy sector and grew frustrated with traditional utilities' focus on selling more power rather than efficiency.[1][4][6] Spotting the outdated systems dominated by large incumbents, they created the Tibber app as a smart gateway for private consumers to replace conventional energy suppliers with transparent, tech-driven control.[1][6] Early traction came from launching in Norway, followed by rapid expansion to Sweden and Germany, where it now serves hundreds of thousands of homes; pivotal moments include leveraging AI for personalized insights and partnering with smart devices to automate savings.[1][3][4][5]
Tibber stands out in the energy sector through these key features:
Tibber rides the energy transition wave, capitalizing on rising renewable adoption, EV proliferation, and grid strains from peak demand and intermittent sources like solar/wind.[5][6] Its timing aligns with Europe's push for flexibility services—projected to hit €3 billion by 2025—by aggregating household loads for system operators, easing grid challenges and enabling cheaper, greener power.[5] In the tech ecosystem, Tibber influences by pioneering digital utilities, fostering IoT ecosystems for smart homes, and challenging incumbents through consumer empowerment, potentially accelerating the shift to decentralized, AI-optimized energy systems across Europe and beyond.[1][3][4][7]
Tibber is poised for further expansion beyond its core markets, targeting more of Europe's 10 million household goal by 2025 amid growing demand for flexible, sustainable energy solutions.[4][5] Trends like AI advancements, deeper smart home/IoT penetration, and regulatory tailwinds for renewables will fuel its growth, while cloud tech (e.g., AWS) supports scalable operations.[8] Its influence may evolve from a regional disruptor to a global player shaping demand-side energy management, ultimately making traditional utilities obsolete as consumers prioritize efficiency and planetary impact—echoing its founding mission to fix a counterintuitive industry.[6]
Tibber has raised $141.0M in total across 3 funding rounds.
Tibber's investors include Balderton Capital, Draper Associates, Eight Roads, Point Nine Capital, Union Square Ventures, Christian Faes, David Haywood Smith, James Sherwin-Smith, Jamie Reynolds, Michael Pennington, Paul Forster, AAF Management Ltd..
Tibber has raised $141.0M across 3 funding rounds. Most recently, it raised $99.0M Series C in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $99.0M Series C | Balderton Capital, Draper Associates, Eight Roads, Point Nine Capital, Union Square Ventures, Christian Faes, David Haywood Smith, James Sherwin-Smith, Jamie Reynolds, Michael Pennington, Paul Forster | |
| Nov 1, 2020 | $30.0M Series B | Balderton Capital, Draper Associates, Eight Roads, Point Nine Capital, Union Square Ventures, Christian Faes, David Haywood Smith, James Sherwin-Smith, Jamie Reynolds, Michael Pennington, Paul Forster | |
| Mar 1, 2019 | $12.0M Series A | AAF Management Ltd., Douglas Carlisle, Wendell Brooks |
