ElectronX raised $10M in a strategic funding round led by Systemiq Capital to accelerate the U.S. grid transition to renewable sources.

Feb 20, 2025•5 months ago

Amount Raised

$10 Million

ChicagoRenewable EnergyEnergy

Investors

Innovation EndeavorsShell Ventures LlcEquinor VenturesSystemiq Capital

Description

ElectronX, a new energy exchange, has successfully raised a $10 million strategic investment round with participation from Equinor Ventures, Shell Ventures and Innovation Endeavors. This funding aims to enhance regulated financial infrastructure for electricity providers and consumers amidst increasing price volatility.

Company Information

Company

ElectronX

Location

Chicago, Illinois, United States

About

ElectronX (EXI) is a new energy exchange created to help accelerate the U.S. grid transition to renewable sources, providing power market participants with innovative electricity trading products to manage price risk against short-term volatility. With offices in Chicago and New York, ElectronX is building the U.S.-regulated financial infrastructure necessary to support increased investment in clean energy development.

Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

ElectronX raised $10M in a strategic funding round led by Systemiq Capital to accelerate the U.S. grid transition to renewable sources.

Investors

Description

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