Crux, a New York-based provider of an ecosystem for sustainable finance, raised $4.25M in Seed extension funding.
The round, which brought the total amount to $8.85M, was led by Ardent Venture Partners with participation from existing investors including Lowercarbon Capital, New System Ventures, Overture, and QED via Bolt, as well as Ørsted, LS Power, Canapi, Hartree Partners, and Commonweal Ventures.
The company intends to use the funds to accelerate clean energy projects made possible by the IRA, beginning with the law’s transferable tax credits.
Co-founded by Alfred Johnson and Allen Kramer, Crux provides an ecosystem for developers, tax credit buyers, and financial institutions to transact & manage transferable tax credits. Launched publicly in April 2023, the company has created a new ecosystem for sustainable finance that will accelerate clean energy projects made possible by the Inflation Reduction Act’s (IRA) rules for tax credit transferability, beginning with the law’s transferable tax credits.
FinSMEs
26/06/2023