General Index secures £9.5m Series A funding from 20VC and Chalfen Ventures to expand energy transition coverage.
The Series A round was led by 20VC and Chalfen Ventures to accelerate product development in clean energy markets.
General Index provides independent benchmark pricing for global commodity markets using automated technology. The firm aggregates trade data to generate transparent settlement prices for energy and transition commodities.
General Index has secured £9.5m in Series A funding to expand its coverage of energy transition commodities. The investment round was led by 20VC alongside Chalfen Ventures, with participation from twenty other individual investors.
Founded to modernise commodity price reporting, the company aggregates data from over 150 partners to produce thousands of energy prices. The fresh capital will support the development of proprietary technology and accelerate expansion into emerging markets such as hydrogen, sustainable aviation fuel, and biofuels.
From the founder
"Energy and commodities account for around $5trillion worth of world trade, and price benchmarks are used in the majority of those contracts. Historically, these benchmarks have been created manually by journalists in traditional media organisations. The industry has found this inconsistent and expensive – often being forced to pay tens of millions of dollars for this data. This is exactly what GX is hereto disrupt! We’re bringing technology to produce better benchmarks, that objectively price the world’s trade. We are excited to work with 20VC alongside Chalfen Ventures to accelerate our expansion into the energy transition as these markets mature into tradable commodities."
Neil Bradford
Founder & CEO at General Index
Investor perspective
"Very few companies have the opportunity to truly redefine a market! General Index has that opportunity; a pricing business to price the world. This is what venture capital is about!"
Harry Stebbings
founder of 20VC, 20VC
Use of funds
- 01Continue product development
- 02Fund research and development
Investors
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About the company
General Index
General Index builds technology driven commodity price benchmarks for global trade.