🏆 Deal of the Week · CW 10/2022
Tibber raised USD 100 million in a Series C round; the valuation was not disclosed. The round was led by Summa Equity, with participation from Balderton Capital, Eight Roads Ventures, and Schibsted. The deal was recognised as Deal of the Week for KW 10/2022.
Tibber — key deal facts
| Company | Tibber |
| Founded | 2016 |
| Headquarters | Førde, Norway |
| Amount raised | USD 100M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | Balderton Capital (https://www.balderton.com/) Eight Roads Ventures Schibsted (https://schibsted.com/) Summa Equity (https://summaequity.com/) |
| Sectors | Apps |
Who invested in Tibber?
The Series C brought together four institutional investors: Summa Equity, Balderton Capital, Eight Roads Ventures, and Schibsted. The mix is notable for combining a Nordic impact-focused growth fund (Summa Equity), a top-tier European venture firm (Balderton Capital), a global venture arm of a major financial institution (Eight Roads Ventures), and a leading Scandinavian media and technology group (Schibsted). The presence of Schibsted signals strategic value in Tibber's consumer-facing digital distribution model alongside pure financial backing.
What does Tibber do?
Tibber is a Norwegian-Swedish digital energy company founded in 2016 by Daniel Lindén and Edgeir Vårdal Aksnes, both engineers with backgrounds in the energy sector. The company is headquartered in Førde, Sogn og Fjordane, Norway, and operates across Norway, Sweden, Germany, and the Netherlands. Its core product is the Tibber App, which gives residential customers real-time electricity pricing, energy analytics, and automated consumption controls, enabling households to reduce costs and lower energy waste. Tibber also operates an online store selling smart home devices and offers both dynamic and fixed electricity tariffs.
Tibber valuation & multiples
Explore the benchmarks: Series C.
Frequently asked questions
How much did Tibber raise in its Series C?
Tibber raised USD 100 million in its Series C round, announced in March 2022.
What is Tibber's valuation?
Tibber's valuation was not disclosed in connection with the Series C funding round.
Who invested in Tibber?
The Series C was led by Summa Equity, with Balderton Capital, Eight Roads Ventures, and Schibsted also participating.
When was Tibber founded and where is it based?
Tibber was founded in 2016 and is headquartered in Førde, Norway.
Source: original announcement — read the full report.