On April 16, 2025, Crux, a capital markets technology company for the clean economy, announced that it has raised $50 million in Series B funding led by Lowercarbon Capital. Existing investors Andreessen Horowitz (a16z), Ardent Venture Partners, CIV, New System Ventures, and The Three Cairns Group participated in the round. These investors are joined by new investors Liberty Mutual Strategic Ventures, MassMutual Ventures, and OMERS Ventures. Venture capital firms Acrew Capital and Giant Ventures also joined the round. Wilson Sonsini Goodrich & Rosati advised Crux on the transaction.
The Series B round brings Crux’s total funding to over $77 million and will help drive its next phase of growth. The company plans to use the new capital to meet its mission of supporting developers, manufacturers, investors, and lenders through all stages of capital formation. This funding round comes on the heels of Crux’s latest platform innovation: its debt capital marketplace which opens access to a range of debt products alongside Crux’s powerful transferable tax credit marketplace.
The Wilson Sonsini team that advised Crux on the transaction includes:
Corporate
Salil Gandhi
Josh Bronstein
Alyson Tseng
Richard Fielkow
Regulatory
Amy Caiazza
For more information, please see Crux’s press release.
