# CFEX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cfex

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.cfexcloud.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Jun 27, 2022)
- Investors on record: 1

## About

Based in California, US, CFEX, Inc. provides technology that streamlines the scope 2 carbon accounting and back-office processes. The company was co-founded by its CEO Jian Zhang. In February 2023, the firm raised an amount of Seed funding led by investor Accurant International. The company offers a carbon-free energy cloud application suite that enables organizations to track Scope 2 emissions, plan mitigation strategies, and operationalize mitigation programs. In August 2025, CFEX, Inc. raised an undisclosed amount of venture funding led by new investor Mobilize Climate Capital, with participation from another new investor TSVC. Returning investor Accurant International and other unspecified investors also participated in the round. The firm product offerings include meter to cash which provides a financial transaction platform and meter to carbon which helps businesses to control their energy usage and statistics on Carbon Free Energy (CFE) supply. Additionally, the company also offers meter-to-cost that gives businesses cost and carbon impact scenario assessments as well as contract rule engine (CRE) rule engine technology. The company plans to use the August 2025 funding to accelerate go-to-market and deployment of its automated contract settlement technology for energy transactions, enabling precise daily and monthly tracking through its rule-based software engine.

## Funding rounds

- Seed, Jun 27, 2022, $1.5M — Accurant International

## Investors

- Accurant International (https://capitalatlas.ai/funds/accurant-international) — Seed