O
Open Energy Market
Energy online trading platform
About Open Energy Market
True, formerly known as Open Energy Market, is a company that provides energy procurement services and net-zero technologies to businesses. The company operates in the UK market, serving some of the country's largest businesses.
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True's business model is centered around its proprietary platform, which allows clients to manage their energy procurement and work towards their net-zero targets. The platform provides a transparent environment for energy purchasing, enabling businesses to compare different energy projects, assess their environmental impact, and model the required financial investment. The company's services are designed to help businesses reduce their energy costs and their carbon footprint.
True has a track record of outperforming the market, having achieved significant savings for its clients on both electricity and gas. The company's approach combines technology with industry expertise to bring clarity and integrity to the energy market.
At a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Guildford, United Kingdom
- Employees
- 95
- Open positions
- None listed
- Dealroom signal
- 82.6/100
- Sub-industry
- Energy Providers
- Sector
- Energy, Wholesale, Supply Chain Management, Procurement, Risk Management, Brokerage, Sustainable Development Goals, Industrial Technology, Climate Tech, Energy Trading, Grid Technology, Renewable Energy
- Business model
- Marketplace & ecommerce
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Feb 2018 | $4M | $16M | Calculus Capital | ↗ |
| GRANT✓Other financing | Nov 2015 | $0 | — | MassChallenge | — |
Growth signals
Latest recorded traffic for Open Energy Market is 6.6K monthly website visits, up 695.2% over the last three months. Open Energy Market's team grew 17.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
MassChallenge
Series A1 investor entered at this stage
Calculus Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Open Energy Market on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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