V3 Raises $50M in Funding

V3 Commodities Group Holdings, LLC, a Houston-based provider of capital and risk management services to retail energy providers, closed a $50m initial funding round.

The round was led by Colbeck Capital Management.

The company will use the funds to continue to expand operations.

Led by J. Scott Perry, CEO, V3 Commodities Group Holdings V3 serves the deregulated retail energy sector throughout North America, providing physical power and natural gas supply along with associated credit support facilities and operational support.
The principal areas of focus are:
i) trade credit and working capital facilities,
ii) electricity and natural gas supply; and
iii) risk management, natural gas logistics and other physical market services.

The company also provides pricing and scheduling services, as well as M&A services related to the acquisition and disposition of retail sector assets.

V3 is based in Houston and maintains offices in New York and Baltimore.

FinSMEs

08/11/2017

Join the discussion