TLDR:
- Crux, a sustainable finance technology company, has added new strategic investors as part of their $18.2M Series A funding round.
- The new investors include clean energy developers like Clearway Energy Group, EDF Renewables, Intersect Power, and Pattern Energy.
In a recent announcement, Crux, a NYC-based sustainable finance technology company, revealed that they have secured new strategic investors as part of their latest Series A funding round, totaling $18.2 million. The additional funding comes from a group of clean energy developers, including Clearway Energy Group, EDF Renewables, Intersect Power, and Pattern Energy, who have joined existing strategic investors such as Orsted, LS Power, and Hartree. The round was led by Andreessen Horowitz and officially announced in January 2024, with plans to use the funds to expand their operations and development efforts.
Crux, led by CEO Alfred Johnson, focuses on revolutionizing how clean energy and decarbonization projects are financed in the U.S. Their first offering is a platform that enables buyers, sellers, and intermediaries to transact and manage transferable tax credits. Since its inception in 2023, the company has raised over $27 million from a combination of venture capital and strategic investors, and has built a diverse team with expertise in energy, tax, finance, government, and technology to drive the clean energy transition forward.
