ElectronX, a Chicago, IL-based new energy exchange created to help accelerate the U.S. grid transition to renewable sources, raised $15m in seed funding.
The round was led by Innovation Endeavors with participation from DCVC, Amplo, BoxGroup and Lightning Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Sam Tegel, ElectronX is the electricity exchange for the energy transition, providing power market participants with trading products to manage price risk against short-term volatility. With offices in Chicago and New York, the company is building the U.S.-regulated financial infrastructure necessary to support increased investment in clean energy development.
FinSMEs
12/06/2024