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Crux Climate
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Facilitates transactions of renewable energy tax credits
Crux Climate
Work Here?
Facilitates transactions of renewable energy tax credits
About Crux Climate
Industries
Energy
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$27.1M
Headquarters
New York City, New York
Founded
2023
Overview
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 facilitates the buying, selling, and management of these tax credits, making the market more liquid and accessible for developers, financial institutions, and advisors. Crux generates revenue through transaction and subscription fees, ensuring a steady income while simplifying the complex process of managing tax credits. The goal of Crux Climate is to create a vital marketplace for renewable energy tax credits, promoting investment in sustainable energy solutions.
Simplify's Take
What believers are saying
- Crux raised $18.2 million in Series A funding for expansion and growth.
- The Inflation Reduction Act simplifies tax credit transactions, boosting Crux's platform activity.
- Strategic investments validate Crux's role in sustainable finance infrastructure.
What critics are saying
- Increased competition from new platforms may dilute Crux's market share.
- Government policy changes could impact the renewable energy tax credit market.
- Direct transactions between developers and buyers may reduce Crux's transaction volume.
What makes Crux Climate unique
- Crux Climate offers a unique platform for transferable tax credit transactions.
- The company focuses on creating liquidity in the renewable energy tax credit market.
- Crux Climate's ecosystem supports diverse stakeholders, enhancing market efficiency.
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Funding
Total Funding
$27.1M
Above
Industry Average
Funded Over
2 Rounds
Andreessen HorowitzIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Performance Bonus
Remote Work Options
Flexible Work Hours
Stock Options
Paid Vacation
Paid Holidays
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 9%2 year growth
↑ 6%The debt financing deal is one of the first to be completed via Crux’s new debt capital marketplace
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.
Crux Climate is Hiring for 2 Jobs on Simplify!
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About Crux Climate
Industries
Energy
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$27.1M
Headquarters
New York City, New York
Founded
2023
Crux Climate is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today