TruMarx Data Partners, Inc., a Chicago, IL-based provides technology solutions for today’s energy market challenges, closed another round of convertible debt funding.
The round, of undisclosed amount, was led by existing investor Harvard Business School Alumni Angels with participation from new investors Bob Green (former CEO of Aquila and active energy-related PE investor), Tom Price (founder and Chairman of Price Futures and co-Chairman of Price Holdings Inc.), and B-Con LP.
The company intends to use the funds to continue to advance the platform, add contributors and launch into new markets.
Led by Jon Olson, co-Founder, President and CEO, TruMarx is the developer and marketer of COMET™, a web-based execution platform that allows power, natural gas and Renewable Energy Certificate (REC) market participants to create an individual private market for each of their bilateral OTC transactions.
It currently has over 265 corporate subscribers and the COMET platform has generated seven figures in fee income.