# Exponential Markets

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exponential-markets

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.exponentialexchange.com
- Total disclosed funding: $6.2M
- Latest round: Seed (Feb 13, 2024)
- Investors on record: 4

## About

Based in US, and founded in 2021, Exponential Exchange is developing novel tradable financial instruments and a financial innovation platform to manage the risks and opportunities posed by the transportation revolution and rapidly accelerating advancements in the digital economy. In July 2023, Exponential Exchange raised USD 7.4 million in seed funding led by new investor MaC Venture Capital, with participation from other new investors Autotech Ventures and Avanta Ventures. Other unspecified investors also participated in the round.

Exponential Exchange's flagship product, the Exponential Used Vehicle Index, stands as the first benchmark tailored explicitly for hedging automotive wholesale price volatility. This index is underpinned by industry-leading data and utilizes modern data science methods. Additionally, the company offers tradable automotive derivatives, unlocking a new market for investors and traders, and making used car value a tradable asset class.

The company will use the funding for over-the-counter (OTC) trades.

## Funding rounds

- Seed, Feb 13, 2024, $1.3M — Citi Ventures, Autotech Ventures, MaC Venture Capital, Avanta Ventures
- Seed, Jan 27, 2023, $4.9M — Autotech Ventures, MaC Venture Capital, Avanta Ventures

## Investors

- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Seed
- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed
- Avanta Ventures (https://capitalatlas.ai/funds/avanta-ventures) — Seed
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Seed