Funds for Energy and Freight Data Specialist Vortexa

Vortexa, a London-based real-time analytics platform for global energy and freight markets, has completed a $34m Series C funding round, more than doubling investment to date. Funds will help accelerate international expansion and tech development, and enhance services for clients and partners.`

The firm provides market-leading real-time data and advanced analytics for energy and freight markets, including global flows, freight and inventories for crude oil, refined products, LPG and LNG, across all vessel classes. Vortexa employs more than 120 people in hubs in London, Singapore, Houston, New York City, Geneva and the UAE.

The round was led by funds managed by Morgan Stanley Expansion Capital, with 'strong' participation from existing investors Notion Capital, Monashees, Metaplanet, FJ Labs and Communitas Capital.

CEO Fabio Kuhn says of the news, 'Despite one of the toughest fundraising environments for tech companies in the recent past, this funding round was significantly oversubscribed. Vortexa has doubled its valuation since its Series B funding round in 2021 and, having grown three times faster than the median SaaS business over the last year, is near profitability with an immense untapped market opportunity ahead'.

The company is online at www.vortexa.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.