Crux, a NYC-based sustainable finance technology company, announced that it has added strategic new investors as part of the $18.2M Series A funding.
This additional capital is being invested by a cohort of clean energy developers, including Clearway Energy Group, EDF Renewables, Intersect Power, and Pattern Energy. These new investors joined existing strategic investors, Orsted, LS Power, and Hartree. The round was led by Andreessen Horowitz and it was announced in January 2024.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Alfred Johnson, Crux is a sustainable finance technology company working on how clean energy and decarbonization projects are financed in the U.S. Its first offering is the platform for buyers, sellers, and intermediaries to transact and manage transferable tax credits.
Since its launch in 2023, the company has raised over $27M in funding from venture capital and strategic investors and built a team that merges expertise from energy, tax, finance, government, and technology to empower the clean energy transition.
FinSMEs
19/06/2024