# M2X Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/m2x-energy

- Industry: Chemicals
- Headquarters: Rockledge, US
- Website: www.m2x.energy
- Total disclosed funding: $20M
- Latest round: Series B (Jun 10, 2024)
- Investors on record: 5

## About

Founded in 2020 and based in Florida, US, M2X Energy Inc. operates as a carbon offsetting company to minimize gas flaring and reduce its impact on the climate. The company was founded by its CEO, Josh Browne, Tony Dean, and Paul Yelvington. In June 2024, M2X Energy Inc. raised USD 40 million in Series B funding led by Conifer Infrastructure Partners, Breakthrough Energy Ventures, Eni Next, AddVentures, and the Autodesk Foundation.

M2X Energy develops modular and transportable gas-to-liquid systems that convert stranded methane into low-carbon methanol using a non-catalytic, partial-oxidation engine reformer. The firm’s product line includes gas-to-methanol systems that produce low-carbon methanol, including biomethanol.

The company plans to use the funds raised in January 2024 to expand its development and deployment of M2X's first commercial fleet of low-carbon methanol production units.

## Funding rounds

- Series B, Jun 10, 2024, $20M — Breakthrough Energy Ventures, AddVentures, Eni Next, Autodesk Foundation, Conifer Infrastructure Partners

## Investors

- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series B
- AddVentures (https://capitalatlas.ai/funds/addventures) — Series B
- Eni Next (https://capitalatlas.ai/funds/eni-next) — Series B
- Autodesk Foundation — Series B
- Conifer Infrastructure Partners (https://capitalatlas.ai/funds/conifer-infrastructure-partners) — Series B