Funds will be used to further accelerate the company’s international expansion and improve their technology and service quality. (Source: Shutterstock)
Vortexa, a real-time global analytics platform for energy and freight markets, completed its $34 million Series C funding round.
Investment funds managed by Morgan Stanley Expansion Capital spearheaded the funding, with strong participation from existing investors Notion Capital, Monashees, Metaplanet, FJ Labs and Communitas Capital.
The investment brings the total amount raised by Vortexa since its inception to more than $60 million. Funds will be used to further accelerate the company’s international expansion and improve their technology and service quality.
Vortexa’s CEO Fabio Kuhn said that “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,” Kuhn said.
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