Greg Jackson spins off Octopus’ tech arm Kraken after $1bn injection Investing Octopus Energy Group has spun off its technology arm, Kraken, following its first standalone investment round. The fresh funding round for Kraken was led by global investment giant D1 Capital Partners, with new investors including Fidelity International, Durable Capital Partners and Ontario Teachers’ Pension Plan Board. Kraken – which is an AI-powered platform now contracted [...]
Budget: Octopus boss Greg Jackson hails cuts to energy bills Energy Octopus Energy boss Greg Jackson has hailed the cuts to energy bills announced in today’s Budget, as the Chancellor slashed multiple renewable levies. Jackson welcomed the energy bill cuts as a “positive step” as Rachel Reeves described energy costs as “one of the greatest drivers of the rising cost of living”. Reeves said she will scrap [...]
Exclusive: Octopus Investments appoints new CEO Retail asset management platform Octopus Investments has appointed Erin Platts, former chief executive of HSBC Innovation Banking, as its new CEO. Octopus Investments, the UK’s largest investor in AIM listed companies, is a branch of the financial services company, Octopus Group. It holds £9.9bn in funds under management. Platts will succeed Octopus Group co-founder and [...]