# ElectronX

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

- Industry: Software
- Headquarters: Chicago, US
- Website: www.electronx.com
- Total disclosed funding: $45M
- Latest round: Series A (Nov 14, 2025)
- Investors on record: 13

## About

Founded in 2022 by Evan Caron and Philip Krim and based in Illinois, US, ElectronX, Inc. operates as a financial service platform that helps power market participants manage price risk. As of 2024, the company is led by its CEO, Sam Tegel. The company is developing a regulated electricity market that aims to provide precision risk management, volatility hedging opportunities, and monetization avenues for all energy market participants. The firm addresses electricity pricing issues by offering small-sized, short-duration products such as call spreads and binary options for hourly periods. These products are structured to manage electricity price risk against short-term volatility, making the market accessible to all users. ElectronX allows participants to engage without brokers or high capital requirements through an API and GUI, benefiting from granular contracts designed to fit intraday volatility and deep liquidity from a diverse participant base. The company’s market is designed to cater to a wide array of participants, including energy generation pioneers, high-volume energy consumers and providers, energy storage innovators, asset hedgers, and market speculators. In November 2025, ElectronX raised USD 30 million in series A funding led by returning investor DCVC, with participation from other returning investors Innovation Endeavors, SystemiQ, Equinor Ventures, and Shell Ventures. New investors XTX Ventures, JACS Capital, NGP, Five Rings, and GTS also participated in the round.

## Funding rounds

- Series A, Nov 14, 2025, $30M — NGP, Equinor Ventures, Innovation Endeavors, DCVC, Shell Ventures, SystemiQ, XTX Ventures, JACS Capital, Five Rings, GTS
- Seed, Jun 12, 2024, $15M — Innovation Endeavors, BoxGroup, Amplo, Dcvc, Lightning Capital

## Investors

- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Seed, Series A
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Amplo (https://capitalatlas.ai/funds/amplo) — Seed
- Dcvc (https://capitalatlas.ai/funds/dcvc) — Seed, Series A
- Lightning Capital — Seed
- NGP (https://capitalatlas.ai/funds/ngp) — Series A
- Equinor Ventures — Series A
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A
- SystemiQ (https://capitalatlas.ai/funds/systemiq) — Series A
- XTX Ventures (https://capitalatlas.ai/funds/xtx-ventures) — Series A
- JACS Capital — Series A
- Five Rings — Series A
- GTS — Series A