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Industries
Energy
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$26.3M
Headquarters
New York City, New York
Founded
2023
Company Does Not Provide H1B Sponsorship
Crux Climate builds financial infrastructure to support the transition to renewable energy by focusing on transferable tax credits, which are government incentives for renewable energy projects like commercial and industrial solar installations. The company provides a platform that connects developers, tax credit buyers, banks, and financial advisors, making it easier to buy and sell these credits and enhancing market liquidity. Crux generates revenue through transaction and subscription fees, simplifying the management of tax credits for its users. With recent funding, Crux aims to expand its team and improve its software to further support investment in renewable energy.
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Total Funding
$26.3M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Health Insurance
Dental Insurance
Vision Insurance
Performance Bonus
Remote Work Options
Flexible Work Hours
Stock Options
Paid Vacation
Paid Holidays
It’s been a busy month in the region, with different raises and grants announced throughout. In this Money Moves feature, we highlighted different opportunities for local business owners and fundraising news from DC proper to the Maryland suburbs and Northern Virginia. Get all the details below. First, check out our monthly look at which companies are hiring for tech jobs in the region. See how that’s changed since last month and how much they’re paying in this chart:DC earns federal funds for broadband access. The National Telecommunications and Information Administration awarded DC $100.6 million to increase internet access and roll out digital literacy training in the city, with a focus on Wards 5, 7 and 8
This strategic investment demonstrates resounding industry validation of Crux’s key role building vital financial infrastructure for the energy transition
No lie: This annual list doesn’t come together easily. Technical.ly has spent more than a decade cataloging early-stage companies across our markets in our annual RealLIST Startups rosters. Since we started doing this for DC back in 2017, we’ve recognized a whopping 120 capital region ventures as honorees or honorable mentions. That’s a lot. But there were so many more to choose from. If you work in DC-area tech, you know it’s uniquely active and varied
The round is led by Andreessen Horowitz with participation from existing investors Lowercarbon Capital, New System Ventures, Overture, & The Three Cairns Group.
Platform Combines Data, Stakeholder, and Workflow Management Tools, and Largest Network of Intermediaries, Buyers, and SellersFirst-of-its-Kind Ecosystem Empowers Intermediaries to Manage Existing Clients and Reach New Developers and Credit BuyersNEW YORK, Sept. 12, 2023 /PRNewswire/ -- In advance of Climate Week, Crux, the ecosystem for transferable clean energy tax credits, announced that its platform is being used by developers, tax credit buyers, and intermediaries, with hundreds of millions of dollars in deals in process.On the Crux platform, intermediaries use branded portals to manage syndication of credits to existing clients and connect to new developers and credit buyers. By convening buyers, sellers, and intermediaries around the same powerful software, Crux is building the deepest and most liquid market. Buyers can see all available credits and work directly with trusted advisors, while developers can distribute their projects to the widest cross-section of the market."As we approach Climate Week 2023, sustainable finance is taking off," Crux CEO Alfred Johnson said. "Intermediaries will be critical to scaling the new multi hundred billion dollar market for transferable tax credits. Banks, tax advisors, brokers, and syndicators face a common set of challenges: they need access to the entire market to balance supply and demand and branded workflow tools to manage and streamline syndication
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Industries
Energy
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$26.3M
Headquarters
New York City, New York
Founded
2023
Find jobs on Simplify and start your career today