Vortexa, an AI startup in the energy analytics space has announced their Series B funding today. It’s
a $19 million (nearly £14 million) round, led by monashees with participation from existing investors Mosaic, Notion and Metplanet Holdings.
London-based Vortexa is an energy intelligence provider that combines AI and deep industry expertise in order to provide the most complete real-time data as well as analytics tools for both waterborne energy and shipping markets.
Eyes to expand globally
With the investment, the overall investment raised by Vortexa surpasses $30 million (nearly £22 million). The company will use the funding to further accelerate its international expansion and product development.
Fabio Kuhn, Founder and CEO of Vortexa said, “With our Series B, we are well positioned to scale our international expansion and technology development even faster.”
“The amazing traction Vortexa has seen reflects the energy sector’s fundamental need for better and faster data and analytics”, said Caio Bolognesi, Partner at monashees.
Growth amidst pandemic crisis
Notably, Vortexa experienced exponential growth since it closed the Series A round in 2019. Also, during the pandemic crisis, the London company tripled its revenues in 2020 and opened offices in Singapore and the U.S. (Houston). Also, the company doubled its team to beyond 70 people.
Vortexa: A heads up!
Founded in 2016 by Fabio Kuhn, Vortexa empowers energy trading and shipping companies so that they can make superior decisions on the movement of energy at a global scale and in real-time. Its clientele includes oil supermajors, commodities trading houses, investment banks, brokers and ship owners, spanning across all continents.
Notably, Vortexa tracks over $1.8 trillion of waterborne energy trades per year in real-time and provides energy and shipping companies with the most complete picture of global energy flows available in the world as yet.