ElectronX launches power derivatives market after $30m raise

November 17, 2025

ElectronX, the US-regulated energy exchange created to address volatile short-term electricity price exposure, has closed a $30m Series A funding round led by returning investor DCVC.

The company said the new capital will help accelerate the roll-out of its direct-access power derivatives market as demand for electricity in the US continues to grow. The platform is scheduled to launch next month.

Founded to modernise the financial infrastructure behind electricity markets, ElectronX develops tools that support short-term risk management and enable market participants to hedge price volatility more precisely.

The new funding supports the launch and expansion of ElectronX’s power derivatives market. The company has now raised a total of $55m to date.

The exchange has been granted Designated Contract Market (DCM) and Designated Clearing Organization (DCO) status by the U.S. Commodity Futures Trading Commission (CFTC). Its platform will offer small-sized, fully collateralised, centrally cleared financial products for specific geographies and times of day.

ElectronX’s first product suite includes hourly bounded futures and binary options in 1 MWh sizes for the Electric Reliability Council of Texas (ERCOT) market. These products provide market participants with immediate access to intraday hedging tools and are designed to mirror physical trading and battery asset management strategies.

Additional contract suites for PJM, CAISO and other regional transmission organisations and independent system operators are planned for release in 2026.

The funding round saw participation from XTX Markets, Five Rings, NGP, GTS, JACS Capital, and returning investors including Innovation Endeavors, Systemiq Capital, Equinor Ventures and Shell Ventures.

ElectronX CEO Sam Tegel said, “ElectronX’s Series A captures the rising momentum from all industry angles for financial infrastructure innovations in U.S. power markets.

“We are pleased to have DCVC lead this pivotal raise and welcome premier global trading firms XTX Markets, Five Rings and GTS to our investor ranks, alongside the energy venture experts at NGP and JACS Capital. As national demand for electricity continues to strain the grid, we look forward to providing the critically necessary intraday hedging tools for today’s volatile short-term power market very soon.”

DCVC general partner Ali Tamaseb said, “DCVC is excited to double down on ElectronX and lead their Series A round as they head into launch phase after earning CFTC approvals.

“ElectronX will fill a critical gap and play a much needed role in the electricity markets. It will directly support the electrification of the American industrial base and the transition to renewables, and it will help companies respond to the massive change in power requirements resulting from increasing data center demand. Like other DCVC portfolio companies in the energy space, ElectronX is working to fill a huge need with a novel deep tech solution.”