Vortexa, a London-based energy analytics company that uses advanced AI and machine learning to provide real-time data on global energy markets, has secured $25 million in strategic debt financing from CIBC Innovation Banking, which recently also invested in Landytech and VEDA. Earlier this year, the company also raised $34 million in a Series C funding round led by Morgan Stanley.
Canadian Imperial Bank of Commerce (CIBC) focuses on providing growth capital, financial solutions, and advice to technology and life sciences companies. It supports high-growth businesses in sectors such as SaaS, fintech, cleantech, and healthcare, offering debt financing and lending solutions for their expansion, working capital, and acquisition needs.
Building the future of energy markets
Founded in 2016 by Fabio Kuhn, Vortexa provides access to the global waterborne oil & gas operations data to support market efficiency and sustainability. The company claims that over $3 trillion worth of global energy trade takes place on water every year.
Further, the British startup, offers real-time data and analytics for energy and freight markets. It tracks the global movement of crude oil, refined products, LPG, and LNG across all vessel classes.
By providing detailed insights into global flows, freight, and inventories, Vortexa helps traders, analysts, and freight professionals make informed decisions. The platform’s data is used to navigate complex energy markets, offering users a clearer view of supply chains and trends.
With a team of over 120 employees, including specialists in energy and freight expertise, data science, and engineering, it operates via major hubs in London, Singapore, Houston, New York City, Geneva, and the UAE.
Fabio Kuhn, Founder and CEO of Vortexa said, “We’re very excited to work with CIBC Innovation Banking as we continue to accelerate Vortexa’s international growth and investment in innovation. Together with our Series C partner Morgan Stanley, we recognized the immense strategic benefit of bringing additional partners to our group to enable even greater acceleration of Vortexa’s vision of transforming the energy world. CIBC’s long-term approach to debt financing aligned perfectly with our strategic needs, further reducing our cost of capital while accelerating our path in building the future of our industry.”
Sean Duffy, Managing Director of CIBC Innovation Banking UK & Europe said, “Vortexa represents the forefront of energy and freight data analytics, an area that is rapidly transforming the global markets. At CIBC Innovation Banking, we look to work with companies that not only push boundaries in their respective fields but also bring real, tangible value to their clients and markets. Vortexa’s innovative approach to providing transparency and actionable intelligence in energy markets aligns well with our strategic investment aims. We’re excited to work with Vortexa as they continue to lead the way in data-driven solutions for the energy and freight markets.”
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