# TruMarx Data Partners

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trumarx-data-partners

- Industry: Internet
- Headquarters: Chicago, US
- Website: www.trumarx.com
- Latest round: Series B (Oct 14, 2010)
- Investors on record: 1

## About

TruMarx Data Partners, Inc. is a specialized firm that provides a centralized platform for trading certified natural gas, focusing on emissions transparency and methane reduction.Founded in 2006 and headquartered in Chicago, US, TruMarx Data Partners, Inc. facilitates the buying and selling of certified natural gas. The company has completed a total of 3 deals, with its most recent funding round occurring on October 10, 2018, where it raised USD 7.22 mn. The firm is co-founded by Jon Olson and Pradeesh PL, who both serve as CEOs and have experience in the energy sector.TruMarx operates a centralized platform designed to facilitate the buying and selling of certified natural gas, specifically emphasizing methane reduction and emissions transparency. Known as COMET (Energy Transaction as a Service or ETaaS), this marketplace connects producers, marketers, and end-users across various energy asset classes, enabling transactions involving Responsibly Sourced Gas (RSG) that meets specific emissions standards at production. The platform enhances liquidity and price transparency in the certified gas market while supporting the environmental, social, and governance (ESG) goals of its clients, targeting geographical markets across North America, Europe, and Asia.TruMarx's revenue model primarily revolves around transaction fees and potential subscription services for access to its platform. Clients, including gas producers and energy marketers, engage in B2B transactions by listing bids and offers on the COMET platform, where they can buy or sell certified natural gas as per their specific needs. Each transaction captures certification specifications and attaches necessary documentation, which enhances trust and compliance among users while aiding clients in achieving their ESG goals through responsible sourcing of natural gas.Following its most recent funding round in October 2018, where TruMarx raised USD 7.22 mn, the company is focused on advancing its platform capabilities and expanding its market reach. Plans include the development of new products aimed at enhancing user experience and increasing market participation, with a targeted release date yet to be announced. Additionally, TruMarx aims to explore new geographic markets, particularly in Europe and Asia, to broaden its client base and promote responsible sourcing initiatives.

## Funding rounds

- Series B, Oct 14, 2010 — Vernon & Park Capital

## Investors

- Vernon & Park Capital (https://capitalatlas.ai/funds/vernon-park-capital) — Series B