Vortexa has raised $34m in a Series C funding round for its real-time global analytics platform for energy and freight markets.
The funding round was led by Morgan Stanley Expansion Capital, a growth-focused private investment platform within Morgan Stanley Investment Management.
It also saw the participation of Vortexa’s existing investors Notion Capital, Metaplanet, Monashees, Communitas Capital, and FJ Labs.
Providing precise and comprehensive overview of worldwide flows, freight, and inventories, Vortexa specialises in covering crude oil, refined products, liquefied petroleum gas (LPG), and liquefied natural gas (LNG) across all vessel classes.
The company empowers traders, analysts, and freight professionals to navigate intricate and opaque markets by enabling them to make more informed and confident trading decisions.
Vortexa has a multidisciplinary team of over 120 employees through which it is said to seamlessly integrates energy and freight expertise, data science, and engineering.
The company operates across key hubs in London, Singapore, Houston, New York City, Geneva, and the UAE.
Morgan Stanley Expansion Capital managing director Lincoln Isetta said: “The increasing complexity of international energy and freight markets is accelerating customer demands for high-quality, real-time data and analytics.
“Many of the world’s largest and most sophisticated energy and freight market participants trust Vortexa to drive high-impact business decisions and we believe Vortexa is at the forefront of technological leadership in those markets.”
Including the latest investment from the Series C round, the company has increased the total amount it has raised since inception to over $60m. The funds are planned to be utilised in further expediting its international growth, technology, and quality of service to its clients and partners.
During its Series B round in February 2021, led by monashees, the company secured $19m, bringing its total raised funds at that time to $30m.
Vortexa CEO Fabio Kuhn said: “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.”
