TLDR:
- Crux, a sustainable finance technology company, has raised $18.2 million in a Series A funding round.
- The funding round was led by Andreessen Horowitz, bringing the total amount raised by Crux to over $27 million.
The New York-based company plans to use the funding to expand its team, drive annual volumes of transferable credits to the billions, and expand its offerings to other parts of the capital stack for clean energy and decarbonization projects. Crux specializes in clean energy and decarbonization projects and offers an ecosystem for transacting and managing transferable tax credits. Since its launch in 2023, Crux has raised $27 million in funding and has built a team with expertise in energy, finance, government, and technology. Andreessen Horowitz joins a group of venture and strategic investors backing the company.
