Tibber Due Diligence

Run due diligence on Tibber: check compliance and get alerts when suppliers change.

Norway · tibber.com · 18 vendors

Tibber is a digital energy company that provides smart solutions and an app to help households manage and reduce their electricity consumption and costs. It offers real-time energy analytics, supplies green electricity, and integrates with smart home devices to optimize energy usage.

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 2 categories; runs on 18 sub-vendors.

Insights

Last updated 2026-07-29 · revision 2

18 direct vendors, 228 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

12 in-scope frameworks identified; showing 3.

ISO 27001 (source) — No public evidence

Evidence: https://tibber.com/en/compliance, https://tibber.com/en/terms/data-act, https://tibber.com/en/terms/privacy-policy

SOC 2 (source) — No public evidence

Evidence: https://tibber.com/en/compliance, https://tibber.com/en/terms/data-act, https://developer.tibber.com

Norwegian Energy Act — No public evidence

Evidence: https://tibber.com/no/vilkar, https://tibber.com/en/terms/privacy-policy, https://tibber.com/en/

Financials

Three-year financials

Financial Resilience Score: 6/10

Tibber demonstrates moderate financial resilience underpinned primarily by strong venture capital backing rather than operational profitability. The company has raised over USD 200 million cumulatively from tier-1 investors including Balderton Capital, Eight Roads, Founders Fund, Schibsted, and EQT Ventures, which has funded sustained operating losses and enabled rapid geographic expansion across four European markets. The asset-light, software-centric business model provides scalability advantages over legacy utilities, and the company benefits from strong regulatory tailwinds including EU mandates for smart meters, dynamic tariffs, and demand-side flexibility. However, Tibber has not achieved profitability at the group level and remains dependent on continued equity raises to fund operations. The 2022 European energy crisis exposed working capital vulnerabilities through higher collateral requirements, hedging costs, and customer credit risk. Revenue growth is heavily influenced by pass-through electricity prices rather than pure customer economics, making top-line trends misleading. With approximately 1 million customers across Norway, Sweden, Germany, and the Netherlands by 2024, the company has achieved meaningful scale, but competition from Octopus Energy and incumbents like Fortum, Vattenfall, and E.ON is intensifying.

Key strengths: Strong venture capital backing exceeding USD 200 million from tier-1 investors, Rapid customer growth surpassing 1 million customers across four countries by 2024, Asset-light, software-centric scalable business model, Regulatory tailwinds from EU smart meter and dynamic tariff mandates, Geographic diversification across Norway, Sweden, Germany, and Netherlands

Risk factors: Persistent operating losses with no group-level profitability, Dependence on continued equity raises for funding, Commodity price volatility exposure affecting working capital and hedging costs, Customer credit risk and churn during price spikes, Regulatory risk from market-by-market retail electricity rules (Norwegian strømstøtte, German Strompreisbremse), Intensifying competition from Octopus Energy and incumbent utilities

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