Octopus Group
Octopus Capital Limited, trading as Octopus Group, is a privately held United Kingdom based holding company founded in 2000 by Simon Rogerson, Christopher Hulatt, and Guy Myles as a fund management company. Through its subsidiaries, it operates in the investment management, venture capital, energy, and real estate industries.[1][2]
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Octopus Group | |
Type | Private |
Industry | Conglomerate |
Founded | April 19, 2000 in London, UK |
Founders |
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Headquarters | London, England, UK |
Key people | Simon Rogerson (CEO) |
AUM | £9.1bn (2019) |
Website | octopusgroup |
As of December 2019, Octopus Group has more than 1.5 million customers and manages more than £9.1bn on behalf of its investors.
Businesses
Octopus Energy
Octopus Energy was established in 2015 as a retail electricity and gas supplier in the UK, and by December 2019 had over 1.35 million domestic and business customers. Under the Octopus Energy Group brand, it has expanded into energy for business and energy services, and licences its customer handling software to other energy suppliers.[3]
Octopus Renewables
Octopus Renewables owns and manages renewable energy production, particularly in solar and onshore wind. It is one of the largest owners of renewable energy infrastructure in Europe, with £3bn of assets under management.[4] Previously a separate entity within Octopus Group, the company was acquired by Octopus Energy in July 2021.[5]
Octopus Ventures
Octopus Ventures is a venture capital fund with £1.2bn of funds under management. Notable Octopus Ventures investments include SwiftKey, Eve Sleep, Lovefilm, Graze, and Zoopla.[6]
Octopus Investments
Octopus Investments is an investment management company which manages a number of investment funds, with some structured as venture capital trusts. It was the first venture capital trust manager to pass £1bn of assets managed within its funds.[7]
Octopus Wealth
Octopus Wealth is a financial advice service launched in 2018. It aims to provide straightforward financial advice with a clear fee structure.[8][9]
Octopus Real Estate
Octopus Real Estate (formerly known as Octopus Property) provides finance for residential and commercial properties. It was formed in 2019 by the merger of two existing businesses, Octopus Property and Octopus Healthcare, and had £2bn of funds under management in 2019.[10]
Octopus Renewables Infrastructure Trust
An investment fund (LSE: ORIT) which was floated on the London Stock Exchange in December 2019, raising £350m.[11] The trust has electricity generation assets in countries including the UK, France and Spain.[12] Its investment manager is Octopus Renewables Ltd, who replaced Octopus Investments Ltd in June 2021.[13]
References
- Bounds, Andy (12 October 2016). "Octopus Group founders are EY UK Entrepreneurs of the Year". Financial Times. Retrieved 27 February 2020.
- "About". Octopus Group. Retrieved 27 February 2020.
- "Octopus Energy Group". Retrieved 8 May 2021.
{{cite web}}
: CS1 maint: url-status (link) - "About". Octopus Renewables. Retrieved 27 February 2020.
- Cotton, Barney (5 July 2021). "FCA clears acquisition of Octopus Renewables by Octopus Energy". Business Leader. Retrieved 7 July 2021.
{{cite web}}
: CS1 maint: url-status (link) - "Portfolio". Octopus Ventures. Retrieved 27 February 2020.
- Jones, Jonathan (19 February 2019). "Tax-shy investors pour £1bn into Octopus". The Times. Retrieved 27 February 2020.
- Walmsley, Charles (19 December 2018). "Octopus launches restricted advice business". CityWire. Retrieved 27 February 2020.
- "About". Octopus Wealth. Retrieved 27 February 2020.
- "Octopus launches Octopus Real Estate with GBP2 billion FUM". Property Funds World. 8 May 2019.
- Thicknesse, Edward (6 December 2019). "New Octopus Renewables trust smashes target in £350m float". City A.M. Retrieved 27 February 2020.
- "Octopus Renewables Infrastructure Trust plc: Annual Report". Companies House. 31 December 2020. Retrieved 7 July 2021.
{{cite web}}
: CS1 maint: url-status (link) - "Octopus Renewables - Further Investment Management Update". Proactiveinvestors UK. 30 June 2021. Retrieved 7 July 2021.
{{cite web}}
: CS1 maint: url-status (link)