Vortexa secures $25m in debt financing from CIBC Innovation Banking
The London-based energy analytics company has raised $25m in debt financing from CIBC Innovation Banking to support international expansion and innovation.
≈ £19.3M at $1 = £0.7704 on 22 Oct 2024
Vortexa provides real-time analytics and data for global energy and freight markets using artificial intelligence and machine learning. The firm operates major international hubs and employs over 120 specialists.
Vortexa has secured $25m in strategic debt financing from CIBC Innovation Banking. The capital will support the company as it accelerates international growth and continues to invest in product innovation. This follows a $34m Series C funding round earlier in the year led by Morgan Stanley.
Founded in 2016, the London-based energy analytics firm tracks global movements of crude oil, refined products, and liquefied gas across all vessel classes. Its platform provides actionable intelligence to traders, analysts, and freight professionals navigating complex supply chains.
From the founder
"We’re very excited to work with CIBC Innovation Banking as we continue to accelerate Vortexa’s international growth and investment in innovation."
Fabio Kuhn
Founder and CEO at Vortexa
Investor perspective
"Vortexa represents the forefront of energy and freight data analytics, an area that is rapidly transforming the global markets. At CIBC Innovation Banking, we look to work with companies that not only push boundaries in their respective fields but also bring real, tangible value to their clients and markets. Vortexa’s innovative approach to providing transparency and actionable intelligence in energy markets aligns well with our strategic investment aims. We’re excited to work with Vortexa as they continue to lead the way in data-driven solutions for the energy and freight markets."
Sean Duffy
Managing Director, UK & Europe, CIBC Innovation Banking
Use of funds
- 01Expand into international markets
- 02Fund research and development