When was ElectronX founded?

ElectronX was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is ElectronX located?

ElectronX is headquartered in Chicago, United States.

How many employees does ElectronX have?

As of Sep 30, 2026, the latest employee count at ElectronX is 45.

Is ElectronX a funded company?

ElectronX is a funded company, having raised a total of $61.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 12, 2024.

When was the latest funding round of ElectronX?

ElectronX's latest funding was a $***** Series A round on Nov 12, 2025, with participation from 9 investors.

Where does ElectronX rank among its competitors?

ElectronX ranks 5th amongst 290 active competitors, of which 35 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was GridCARE, which secured $64M in May, 2026.

Who are the top competitors of ElectronX?

ElectronX's top competitors include Indian Energy Exchange, Xpansiv and NCDEX. Among them, GridCARE secured the most recent funding round in May, 2026.

ElectronX - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of a power derivatives market for energy risk management. This platform functions as a regulated financial exchange and clearinghouse. It provides trading products designed to capture intraday price fluctuations within electrical grids. The service enables participants to hedge volatility and manage financial risks associated with energy assets. Participants include energy producers, high-volume consumers, storage operators, and financial traders. The infrastructure supports grid expansion and clean energy adoption through precision trading tools.

Website: www.electronx.com/
Social
Email ID: *****@electronx.com

Key Metrics

Founded Year

2022

Location

Chicago, United States

Stage

Series A

Total Funding

$61.5M in 3 rounds

Latest Funding Round

Series A, Nov 12, 2025, $*****

Investors

Innovation Endeavors & 12 more

Ranked

5^th among 290 active competitors

Employee Count

45 as on Sep 30, 2026

Similar Companies

GridCARE & 212 more

View ElectronX's full profile

ElectronX has raised a total funding of $61.5M over 3 rounds. Its first funding round was on Jun 12, 2024. Its latest funding round was a Series A round on Nov 12, 2025 for $*****. 9 investors participated in its latest round. ElectronX has 13 institutional investors.

Here is the list of recent funding rounds of ElectronX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 12, 2025	4235273	Series A	6822264	9856668	4053505	8246303
Feb 19, 2025	6381436	Seed	9059236	5518626	2712306	Equinor & 2 more
Jun 12, 2024	8783999	Seed	9762271	9100549	Innovation Endeavors	DCVC & 3 more

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View details of ElectronX's funding rounds and investors

The founders of ElectronX are Evan Caron and Philip Krim. Sam Tegel is the CEO of ElectronX.

Here are the details of ElectronX's key team members:

Evan Caron: Co-Founder of ElectronX.
Philip Krim: Co-Founder & Director of ElectronX.
Sam Tegel: CEO of ElectronX.
Contact Info: 1 email address

View details of ElectronX's Founder profiles and Board Members

ElectronX's employee count trend

ElectronX has 45 employees as of Sep 26. Here is ElectronX's employee count trend over the years:

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Top competitors of ElectronX include Indian Energy Exchange, Xpansiv and NCDEX. Here is the list of Top 10 competitors of ElectronX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Indian Energy Exchange 2008, Noida (India), Public	Provider of power trading services	$30M	Motilal Oswal Private Equity, Lightspeed ... & 11 others	75/100
2nd	Xpansiv 2016, San Francisco (United States), Series D	Offsets and renewable energy marketplace	$712M	BP Ventures, Energy Innovation Capital & 24 others	70/100
3rd	NCDEX 2003, Mumbai (India), Series B	Online platform for buying, selling, and trading commodity derivatives	$113M	IDFC First Bank, Punjab National Bank & 82 others	64/100
4th	GridCARE 2024, Redwood City (United States), Series A	Provider of AI data center power solutions leveraging existing grid infrastructure	$77.5M	Temasek, Sutter Hill Ventures & 20 others	64/100
5th	ElectronX 2022, Chicago (United States), Series A	Developer of a power derivatives market for energy risk management	$61.5M	Shell, DCVC & 11 others	62/100
6th	Reactive Technologies 2010, London (United Kingdom), Series D	Developer of cloud-based demand-side management solutions	$94.6M	M&G, Octopus Investments & 34 others	61/100
7th	MCX 2002, Mumbai (India), Public	Commodity Exchange	$55M	India Capital Growth, Rare Enterprises & 2 others	61/100
8th	GridPoint 2003, Reston (United States), Acquired	Provider of data-driven energy management solutions	$584M	Goldman Sachs, SIG & 25 others	60/100
9th	Statera 2015, London (United Kingdom), Acquired	Developing and operating generation, battery storage, and green energy projects	$17.8M	NatWest, Siemens & 2 others	58/100
10th	envelio 2017, Cologne (Germany), Acquired	Provider of AI-driven grid management software solutions	$7.82M	eCAPITAL, Demeter & 5 others	57/100