The ecosystem for developers, tax credit buyers, and financial institutions to transact & manage transferable tax credits.
Location: United States, District of Columbia, Washington
Employees: 11-50
Total raised: $27.1M
Founded date: 2023
Investors 2
| Date | Name | Website |
| - | Ardent Ven... | ardent.vc/ |
| - | Overture | overture.e... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 31.01.2024 | Series A | $18.2M | - |
| 26.06.2023 | Seed | $4.3M | - |
| 14.04.2023 | - | $4.6M | - |
Mentions in press and media 11
| Date | Title | Description |
| 07.05.2024 | Crux Facilitates Sale of Solar, Battery, and Microgrid Controller ITC Tax Credits for enXchange | The tax credit transfer provided critical capital for enXchange's expansion; before the IRA, a transaction of this size would have been economically infeasible. Most renewable energy tax credit investors look for credits of $10 million or m... |
| 02.05.2024 | American Clean Power Association Partners with Crux to Support Future Tax Credit Transfers | American Clean Power (ACP) and Crux partner to make clean energy tax credit transfers more accessible to the clean energy industry. Partnership spotlights the clean energy industry's commitment to the fast-growing transferable tax credit ma... |
| 25.04.2024 | Crux Facilitates Multi-Million Dollar Bioenergy Tax Credit Deals with Virentis Advisors | Crux, Virentis Advisors and MarketAxess jointly announce bioenergy tax credit deals Due to attractive tax incentives created by the Inflation Reduction Act, the bioenergy sector is experiencing strong investor interest and economic growth G... |
| 20.03.2024 | Crux Named to Fast Company’s Annual List of the World’s Most Innovative Companies | This award marks an incredible first year for the company, which launched in 2023 to make sustainable finance more efficient and interconnected. We’re proud to be recognized as one of Fast Company’s Most Innovative Companies of 2024. In jus... |
| 31.01.2024 | Crux Raises $18.2M in Series A Funding | Crux, a NYC-based sustainable finance technology company, raised $18.2M in Series A funding. The round, which brought the total amount to over $27M, was led by Andreessen Horowitz. Existing investors Lowercarbon Capital, New System Ventures... |
| 16.01.2024 | Crux Releases Data Report Covering More Than $3.5 Billion In 2023 Clean Energy Transferable Tax Credit Transactions | This is the first report to detail 2023 year-end data on pricing, deal sizes and market sentiment; estimates total 2023 transaction volume will be $7-9 billion. The market has scaled faster than anyone anticipated, indicating exponential po... |
| 26.06.2023 | Climate tech startup Crux just raised $4.25M | Just a few months after launching, Crux, a DC-based startup, just nabbed new funding for its climate tech. Crux was founded by Alfred Johnson and Allen Kramer, who previously founded and sold the software company Mobilize. The company offic... |
| 26.06.2023 | Crux Raises $4.25M in Seed Extension Funding | Crux, a New York-based provider of an ecosystem for sustainable finance, raised $4.25M in Seed extension funding. The round, which brought the total amount to $8.85M, was led by Ardent Venture Partners with participation from existing inves... |
| 21.06.2023 | 👀 Exclusive: Startup gets cash to unlock climate law credits | Crux, a new startup aiming to remove friction from the use of hundreds of billions of dollars worth of climate law tax incentives, just landed another $4.25 million in seed financing. The big picture: It's initially focused on a key piece o... |
| 14.04.2023 | Renewable energy fintech startup Crux Climate launches with $4.6M in funding to provide a marketplace for IRA tax credits | Unknown to most Americans, the Inflation Reduction Act (IRA) passed last year is packed with several tax incentives to stimulate the climate economy and reduce renewable energy costs for organizations. The tax credits cover various clean bu... |
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