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INDUSTRY FIRST

ElectronX Raises $15M in Seed Funding led by Innovation Endeavors

Jun 12, 2024about 1 year ago

Amount Raised

$15 Million

Round Type

seed

ChicagoRenewable EnergyEnergy

Investors

Lightning CapitalBox GroupAmploDcvcInnovation Endeavors

Description

ElectronX, a Chicago, IL-based energy exchange, raised $15m in seed funding to accelerate the U.S. grid transition to renewable sources. The round saw participation from DCVC, Amplo, BoxGroup and Lightning Capital, with the funds intended for expanding operations and development efforts.

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.

FundzWatch™ Score

20
Medium Activity
2 total signals

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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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