About ElectronX
ElectronX is an Energy & Utilities company based in Chicago (United States) founded in 2022 by Evan Caron and Philip Krim. Provider of grid management solution. ElectronX has raised $55 million across 3 funding rounds from investors including Shell, Equinor and Amplo. Its chief executive, as recorded, is Sam Tegel. ElectronX offers products and services including Derivatives Trading Platform, Bounded Futures, and Binary Options. Its focus areas include Energy Tech, Smart Grid, Grid Management and Diversified. Its competitors include Trilliant, GridPoint and Schweitzer Engineering Laboratories; 2 of its 3 listed competitors have raised funding.
Company details
ElectronX was founded in 2022 in Chicago, United States, and operates in the energy sector. Solutions for grid management are provided, focusing on precision risk management, volatility hedging, and monetization of power assets. Derivative products are utilized to address intraday price fluctuations in the electrical grid, supporting the adoption of clean energy nationwide.
- Headquarters Chicago, United States
- Founders Evan Caron, Philip Krim
- SectorsEnergy & Utilities
- Email••••••••
- Website electronx.com
- Social LinkedIn X
- Total Equity Funding$55M (USD)
in 3 rounds
- Latest Funding Round$30M (USD), Series A
Nov 2025
- InvestorsShell
& 12 more
Products & Services of ElectronX
ElectronX offers a comprehensive portfolio of products and services, including Derivatives Trading Platform, Bounded Futures, and Binary Options.
Platform for trading electricity derivatives to hedge price volatility.
Futures contracts for hourly electricity price management.
Options for predicting electricity price outcomes.
Funding Insights of ElectronX
ElectronX has successfully raised a total of $55M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $55M
- Total Rounds 3
- Last Round Series A — $30M
- First Round $15M
(Jun 2024)
- Investors Count 13
All 3 funding rounds of ElectronX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $30M | Series A | – | DCVC | |
| Feb 2025 | $10M | Seed | – | SYSTEMIQ | |
| Jun 2024 | $15M | Seed | – | Innovation Endeavors |
13 investors in total: 13 institutional.
Investors in ElectronX
ElectronX has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell, Equinor and Amplo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage climate tech founders are backed by Systemiq Capital. | systemiqcapital.earth | London, United Kingdom | ||
Early-stage technology investments are targeted by this venture capital firm. | innovationendeavors.com | Palo Alto, United States | ||
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
African software startups are funded by Amplo venture capital firm. | 2017 | amplovc.com | Spring, United States | |
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Shell is recognized as a global energy and petrochemical company. | 1907 | shell.com | London, United Kingdom | |
Digital asset management services are provided for wealth creation. | 2018 | lightning.capital | Miami, United States | |
Algorithmic trading and financial services utilizing advanced machine learning technology. | xtxmarkets.com | |||
Sustainable energy infrastructure investments are managed by NGP fund. | ngpenergy.com |
Investor details for ElectronX
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People of ElectronX
13 people are tracked at ElectronX (8 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Evan Caron | Co-Founder | Leadership |
Philip Krim | Co-Founder & Director | Leadership |
Sam Tegel | CEO | Leadership |
Kellie O'Toole | Chief Operating Officer | Leadership |
Lonnie H. | Chief Financial Officer | Leadership |
Kyle Kauss | Head Of Market Operations | Leadership |
Eric Muehlhausen | Chief Technology Officer | Leadership |
Alastair Hawker | Chief Commercial Officer | Leadership |
Apurva Sanghavi | Md, Business Development | Team |
Jeff Soplop | Renewable Energy And VPP Market Development | Team |
Sarah Hensley | Executive Assistant And Office Manager | Team |
Bob Broderick | Founding Engineer | Team |
Barbara C. | Senior HR Advisor | Team |
Complete people profiles for ElectronX
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Timeline of ElectronX
3 dated milestones of ElectronX across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ElectronX is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series A, of $30.0M.
Competitors of ElectronX
ElectronX has 3 listed competitors in our database, 2 of them funded. They include Trilliant, GridPoint and Schweitzer Engineering Laboratories.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trilliant.com | 1997 | Spearfish, United States | $317M | Provider of communication systems and software platforms for smart grid applications | ||
| gridpoint.com | 2003 | Reston, United States | $584.31M | 192 | Provider of data-driven energy management solutions | |
| selinc.com | 1984 | United States | 3,467 | Electric power systems are protected and automated through specialized products. |
Detailed competitors of ElectronX
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Web traffic of ElectronX
The website of ElectronX (electronx.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 6.9% vs previous month
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as ElectronX (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 |
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Related news about Electronx
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Frequently Asked Questions about ElectronX
ElectronX was founded in 2022 and raised its 1st funding round 2 years after it was founded.
ElectronX is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Sam Tegel is the CEO of ElectronX, as recorded in our data.
ElectronX is a funded company, having raised a total of $55M across 3 funding rounds to date. The company's 1st funding round was a Seed of $15M, raised on Jun 2024.
ElectronX was founded in 2022 in Chicago, United States, and operates in the energy sector. Solutions for grid management are provided, focusing on precision risk management, volatility hedging, and monetization of power assets. Derivative products are utilized to address intraday price fluctuations in the electrical grid, supporting the adoption of clean energy nationwide.
ElectronX's top competitors include Trilliant, GridPoint and Schweitzer Engineering Laboratories.
ElectronX offers Derivatives Trading Platform, Bounded Futures, and Binary Options.
ElectronX has 13 investors. Key investors include Shell, Equinor, Amplo, Systemiq Capital, and Innovation Endeavors.