General Index completes $12M Series A funding for tech-led biofuels pricing

In the UK, General Index has completed a Series A funding round of $12m, led by 20VC and Chalfen Ventures, to continue building superior, more accessible commodity prices to ensure better management of the world’s resources.

Since the previous investment round in 2021, GX has grown substantially, aggregating trade data from over 150 data partners to produce 2,600energy prices. The 45+ strong team is now established across offices in London, Krakow, Singapore and Houston.

Most notably in 2023, General Index was chosen to provide the settlement price for three new trading instruments on the IntercontinentalExchange (ICE) – for new grades of gasoline blended with biofuels. GX was also selected to power and expand Bloomberg’s BOIL energy coverage, available on terminals and via data feeds.

GX will use the funding to continue advancing its unique technology and further expand its line-up of energy transition prices, including biofuels, sustainable aviation fuel, hydrogen, carbon, green ammonia and green methanol.