About IncubEx
IncubEx is a company based in Chicago (United States) founded in 2016 by Daniel Scarbrough and Michael MacGregor. It operates as a Brokerage / Intermediation, and Two-Sided Marketplace. IncubEx has raised $33.92 million across 4 funding rounds from investors including Orsted, AMP Clean Energy and Soeren Scherfig. IncubEx has completed 1 acquisition, including Insurwave. IncubEx offers products and services including Emissions Products, Renewable Energy Certificates (RECs), and Renewable Fuels.
- Headquarter Chicago, United States
- Founders Daniel Scarbrough, Michael MacGregor
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Incubex, Inc.
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Products & Services of IncubEx
IncubEx offers a comprehensive portfolio of products and services, including Emissions Products, Renewable Energy Certificates (RECs), and Renewable Fuels. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Futures and options for emission allowances are offered.
Certificates for renewable energy compliance are provided annually.
Futures for renewable fuel standards are traded regularly.
Funding Insights of IncubEx
IncubEx has successfully raised a total of $33.92M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in June 2023. 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 Total Funding
- Total Rounds 4
- Last Round Series B — $15.0M
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First Round
First Round
(28 Mar 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - IncubEx | Valuation |
investors |
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| Apr, 2021 | Amount | Series B - IncubEx | Valuation |
investors |
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| Apr, 2020 | Amount | Series A - IncubEx | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in IncubEx
IncubEx has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Orsted, AMP Clean Energy and Soeren Scherfig. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Power generation via bioenergy, thermal, and wind sources is offered.
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Provider of heat decarbonisation, grid flexibility, and energy services
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Soeren Scherfig |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IncubEx
IncubEx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Insurwave. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Blockchain-enabled software suite is offered for marine insurance.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IncubEx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Incubex Comparisons
Competitors of IncubEx
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about IncubEx
When was IncubEx founded?
IncubEx was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is IncubEx located?
IncubEx is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of IncubEx?
Michael MacGregor is the current CEO of IncubEx. They have also founded this company.
Is IncubEx a funded company?
IncubEx is a funded company, having raised a total of $33.92M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Mar 28, 2018.
What does IncubEx do?
IncubEx is involved in the development of products and markets for environmental, climate risk, and related commodities. The company operates in global exchange-traded and over-the-counter markets, offering a wide range of solutions including emissions futures, renewable energy certificates, and renewable fuels. Partnerships with exchanges like EEX and Nodal Exchange enable the listing of innovative contracts. Sectors served include environmental markets and climate risk management, with a focus on creating tools for hedging and trading in renewable power attributes and carbon offsets.
What products or services does IncubEx offer?
IncubEx offers Emissions Products, Renewable Energy Certificates (RECs), and Renewable Fuels.
How many acquisitions has IncubEx made?
IncubEx has made 1 acquisition, including Insurwave.
Who are IncubEx's investors?
IncubEx has 3 investors. Key investors include Orsted, AMP Clean Energy, and Soeren Scherfig.