ElectronX has secured a $30 million Series A round to accelerate the launch of its U.S.-regulated direct-access power derivatives market, advancing its goal of providing more precise financial tools for managing increasingly volatile electricity markets. The round was led by returning seed investor DCVC, with participation from XTX Markets, Five Rings, NGP, GTS, and JACS Capital. Previous investors, including Innovation Endeavors, Systemiq Capital, Equinor Ventures, and Shell Ventures, also joined the funding.
The company has now raised more than $55 million to build a deeply modernized market structure designed to support the clean energy transition, particularly as U.S. electricity demand skyrockets due to the expansion of data centers, industrial electrification, and the scaling of renewable energy resources. When fully approved and operational, ElectronX will introduce granular derivatives products that allow market participants of all sizes to hedge real-time power exposure and monetize assets with far greater control.
ElectronX received Designated Contract Market and Designated Clearing Organization status from the U.S. Commodity Futures Trading Commission in August. Its highly accessible platform will offer small-sized, fully collateralized, centrally cleared financial instruments tied to specific geographies and time windows. The company’s first products will include hourly-bound futures and binary options for the ERCOT market in 1 MWh contract sizes. These tools are designed to support both long- and short-volatility strategies, mirroring real-world physical trading patterns and risk management needs for power producers, consumers, and storage operators.
ElectronX plans to expand its product suite to additional U.S. markets in 2026, including PJM, CAISO, and other regional transmission organizations and independent system operators.
Headquartered in Chicago with an additional location in New York City, ElectronX aims to build the financial infrastructure needed to support increased investment in generation, storage, and renewable resources. DCVC, the deep tech firm leading the Series A, continues to expand its portfolio of companies tackling large-scale energy and infrastructure challenges.
KEY QUOTES:
“ElectronX’s Series A captures the rising momentum from all industry angles for financial infrastructure innovations in U.S. power markets. We are pleased to have DCVC lead this pivotal raise and welcome premier global trading firms XTX Markets, Five Rings and GTS to our investor ranks, alongside the energy venture experts at NGP and JACS Capital. As national demand for electricity continues to strain the grid, we look forward to providing the critically necessary intraday hedging tools for today’s volatile short-term power market very soon.”
Sam Tegel, CEO, ElectronX
“DCVC is excited to double down on ElectronX and lead their Series A round as they head into launch phase after earning CFTC approvals. ElectronX will fill a critical gap and play a much needed role in the electricity markets. It will directly support the electrification of the American industrial base and the transition to renewables, and it will help companies respond to the massive change in power requirements resulting from increasing data center demand. Like other DCVC portfolio companies in the energy space, ElectronX is working to fill a huge need with a novel deep tech solution.”
Ali Tamaseb, General Partner, DCVC
