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Gridx Announces $40 Million In Series C Funding And Appoints New Ceo

PRIVATEApr 14, 2022

Amount Raised

$40 Million

Round Type

Series C

MilpitasInformation TechnologyEnergySustainability

Description

GridX, the leading enterprise rate platform provider to modern utilities and energy technology companies, today announced it has closed $40 million in Series C funding led by Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future. Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board of directors. GridX also announced that Chris Black has been appointed CEO of GridX. Both moves aim to speed the clean energy transition by accelerating the development of GridX’s leading rate analytics and complex billing solutions, and building out its sales and marketing, product, and engineering teams.

Quick answer

GridX raised $40 Million in a Series C round, dated April 14, 2022. GridX is based in Milpitas, California, United States.

How much did GridX raise?
GridX raised $40 Million in a Series C round on April 14, 2022.
What does GridX do?
GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition.
Where is GridX based and how big is it?
GridX is based in Milpitas, California, United States. Fundz records about 101 employees.
Who are the decision-makers at GridX?
Fundz holds 1 contact at GridX. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as GridX that raised within 45 days of this round, from Fundz verified event records.

  • RE Royalties Ltd raised $1.3M (Seed) on May 26, 2022.
  • Singularity Energy, Inc. raised $4.5M (Seed) on May 24, 2022.
  • Charge Lab raised $15M (Funding Round) on May 19, 2022.
  • Nouveau Monde Graphite raised an undisclosed amount (Corporate Round) on May 16, 2022.
  • FREEWIRE TECHNOLOGIES, INC. raised $15M on May 11, 2022.
  • SinglePoint Inc. raised $707K (Seed) on May 11, 2022.

Who to call at GridX, and when

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Company Information

Company

GridX

Location

Milpitas, California, United States

About

GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company's Enterprise Rate Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX's platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 32 million homes and businesses.

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Related People

1 contact
Verified contacts17 people are listed at GridX. We don't have their email yet.See plans and pricing
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GridX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.