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Today: May 26, 2024
January 9, 2024
1 min read

Vortexa Secures $34m Funding Round with Morgan Stanley’s Support

TLDR:

– Vortexa, an energy and shipping analytics platform, has raised $34 million in a Series C funding round led by investment funds managed by Morgan Stanley Expansion Capital.
– The company claims to have doubled its valuation since its previous funding round in 2021 and is close to turning profitable.

Vortexa, the energy and shipping analytics platform, has raised $34m in fresh capital to fund its continued expansion. The Series C funding round was led by investment funds managed by Morgan Stanley Expansion Capital alongside existing investors Notion Capital, Monashees, Metaplanet, FJ Labs, and Communitas Capital. This latest funding takes the total amount raised by London-headquartered Vortexa since its inception to more than $60m.

The company claims to have doubled its valuation since its Series B funding round in 2021 and is close to turning profitable. Vortexa provides real-time data and insights on global energy and shipping markets. Its platform uses artificial intelligence and machine learning to track and analyze the movements of oil, gas, and other commodities shipped around the world.

Vortexa’s technology helps traders, analysts, and other market participants make informed decisions on shipping and energy investments. The company’s clients include major energy companies, trading houses, financial institutions, and shipping companies.

The funds raised in the Series C round will be used to support Vortexa’s continued expansion and hiring efforts. The company plans to invest in its technology platform and expand into new markets. Vortexa CEO Fabian Kuhn stated that the company aims to become the central platform for energy and shipping analytics globally.

With the latest funding, Vortexa has reaffirmed its position as a leader in the energy and shipping analytics space. The company’s platform offers real-time data and insights that enable users to track supply and demand trends, monitor shipping routes, and analyze market conditions. By leveraging advanced technologies like AI and ML, Vortexa is able to deliver accurate and actionable intelligence to its clients.

The energy and shipping industries are undergoing significant transformations, with increasing focus on sustainability and decarbonization. Vortexa’s analytics platform can play a crucial role in helping companies navigate these changes and make sustainable business decisions. Its real-time data and insights can help identify opportunities for cleaner energy sources, optimize shipping routes, and reduce carbon emissions.

Overall, Vortexa’s recent funding round and continued expansion highlight the growing importance of data analytics in the energy and shipping sectors. As companies seek to navigate an increasingly complex and volatile market, platforms like Vortexa can provide the insights and intelligence needed to make informed decisions and drive business growth.

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