# Xpansiv Data Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xpansiv-data-systems

- Industry: Software
- Headquarters: New York, US
- Website: www.xpansiv.com
- Total disclosed funding: $13M
- Latest round: Series A (Dec 26, 2018)
- Investors on record: 5

## About

Based in California, US, and founded in 2016, Xpansiv Data Systems Inc. is a developer of a digital platform for environmental, social, and governance (ESG)-inclusive commodities. The company's platform integrates a global commodity marketplace with a common system of record for commodity data. It enables buyers and sellers to transact an array of data-driven, ESG-inclusive commodity products in an intuitive environment. The company was co-founded by Joe Madden and Jeff Cohen. Xpansiv operates globally and has offices in Sydney, New York, San Francisco, Seattle, Houston, Vancouver, and Berlin. In May 2024, Xpansiv Data Systems Inc. raised venture funding led by Aramco Ventures, including Blackstone Group, Bank of America, Goldman Sachs, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank of Australia, and the Australian Clean Energy Finance Corporation. In September 2026, Verdane invested in Xpansiv Data Systems Inc.

The company’s main business units include XMarkets, a unit that enables users to transact renewable energy, carbon, water, and differentiated commodity products; XPortfolio, is an EMA portfolio management system that manages inventory across multiple registries and asset classes; XSignals, a platform that manages insights sourced from authentic market data that helps in the pricing and analysis of Intelligent Commodities.; and XRegistries, a solution that connects the market participants with a platform that transforms information into Digital Feedstock™ products. It is also developing new products like Digital Natural Gas (DNG) and Global Emissions Offset (GEO).

The organization plans to use the May 2024 funding to grow its global energy and environmental markets infrastructure and support its investment and acquisition plans.

## Funding rounds

- Series A, Dec 26, 2018, $10M — BP Ventures, S&P Global Ventures, Energy Innovation Capital, Avista Development
- Series A, Sep 6, 2018 — BP Ventures, S&P Global Ventures, CounterPointe Ventures
- Seed, Aug 1, 2017, $3M — BP Ventures

## Investors

- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Seed, Series A
- S&P Global Ventures (https://capitalatlas.ai/funds/s-p-global-ventures) — Series A
- CounterPointe Ventures (https://capitalatlas.ai/funds/counterpointe-ventures) — Series A
- Energy Innovation Capital (https://capitalatlas.ai/funds/energy-innovation-capital) — Series A
- Avista Development — Series A