# Crux Climate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crux-climate

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.cruxclimate.com/
- Total disclosed funding: $77M
- Latest round: Series B (Apr 16, 2025)
- Investors on record: 18

## About

Based in New York, US, and founded in 2023 by its CEO, Alfred Johnson, and COO, Allen Kramer, Crux Climate Inc., operates as a financial service company that offers various transferable tax credit management solutions for banks, syndicators, and advisors. In April 2023, Crux Climate Inc., raised USD 4.6 million in venture funding led by Lowercarbon Capital, with participation from other Ardent Venture Partners, Bolt, New System Ventures, Overture, and Three Cairns Group. As of 2023, the company has a client base that includes companies like Bain & Company, BlackRock, Google, Meta, Mobilize, and many more. The company offers various financial services for price discovery, diligence, syndication, and contracting solutions. The company also provides a network of developers, tax credit buyers, banks, and syndicators to help with diligence management, contract templates, platform integrations, and post-sale reporting workflows. In April 2025, Crux Climate Inc. raised USD 50 million in series B funding led by Lowercarbon Capital, with participation from Andreessen Horowitz, Ardent Venture Partners, CIV, New System Ventures, Three Cairns Group, Liberty Mutual Strategic Ventures, Acrew Capital, Giant Ventures, MassMutual Ventures, and OMERS Ventures.

The company plans to utilize the April 2025 funding to developer support, manufacturer support, investor support, lender support, platform expansion, team expansion, software development.

## Funding rounds

- Series B, Apr 16, 2025, $50M — Andreessen Horowitz, OMERS Ventures, MassMutual Ventures, Liberty Mutual Strategic Ventures, Acrew Capital, Three Cairns Group, Giant Ventures, Lowercarbon Capital, Ardent Venture Partners, New System Ventures, CIV
- Series A, Jan 30, 2024, $18M — Andreessen Horowitz, Three Cairns Group, Lowercarbon Capital, Overture, New System Ventures
- Seed, Jun 21, 2023, $4.3M — Ørsted, LS Power Group, Hartree Partners LP, Bolt, Canapi Ventures, Lowercarbon Capital, Ardent Venture Partners, Commonweal Ventures, Overture, New System Ventures
- Seed, Mar 13, 2023, $4.6M — Bolt, Three Cairns Group, Lowercarbon Capital, Ardent Venture Partners, Overture, New System Ventures

## Investors

- Bolt (https://capitalatlas.ai/funds/bolt) — Seed
- Three Cairns Group (https://capitalatlas.ai/funds/three-cairns-group) — Seed, Series A, Series B
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Seed, Series A, Series B
- Ardent Venture Partners (https://capitalatlas.ai/funds/ardent-venture-partners) — Seed, Series B
- Overture (https://capitalatlas.ai/funds/overture) — Seed, Series A
- New System Ventures (https://capitalatlas.ai/funds/new-system-ventures) — Seed, Series A, Series B
- Ørsted — Seed
- LS Power Group — Seed
- Hartree Partners LP — Seed
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Seed
- Commonweal Ventures (https://capitalatlas.ai/funds/commonweal-ventures) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series B
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series B
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series B
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series B
- Giant Ventures (https://capitalatlas.ai/funds/giant-ventures) — Series B
- CIV (https://capitalatlas.ai/funds/civ) — Series B