Xpansiv
Market-infrastructure platform for environmental commodities
- 101-200 employees
- B2B
- Enterprise
- Marketplace
- Sustainability
- Trading
- Financial Services
- Blockchain
- Financial District, San Francisco, CA
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Company mission
To unleash the power of global markets to deliver a world worthy of future generations.
Our take
The market for carbon offset and RECs is growing fast, with firms and businesses looking to trade in order to meet sustainability requirements and ESG goals. With the market currently fractured and somewhat murky, however, a wave of startups are emerging to establish a dominant exchange that’s both centralized and transparent. Xpansiv is one of them - and it’s gotten a strong headstart on the competition.
Xpansiv allows companies to trade environmental commodities including offsets, RECs, and differentiated fuels. The platform offers a range of marketplaces, alongside signal data, portfolio management capabilities, and global registries.
So it’s a comprehensive combination of exchanges, analytics, and tools. Its edge, however, comes from its extensive backing. It’s struck a long term and hefty financing arrangement with Blackstone, the world’s largest private equity firm, and among its equity investors are BP, British Oil, Goldman Sachs and the Bank of America. This in total recently gave it a pre-IPO evaluation of over $1B.
With this top-tier industry involvement, Xpansiv looks set to net some major players. This will help Xpansiv establish itself as a leader in the emerging environmental and commodities exchange market.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Medical, dental, vision
- 100% company paid life insurance
- 401(k) plan
- Annual bonus program
- Stock options
- Discretionary paid time off
- Paid parental leave
Funding (last 2 of 8 rounds)
Jan 2023
$125m
GROWTH EQUITY VC
Jul 2022
$400m
GROWTH EQUITY VC
Total funding: $703.7m
This company has top investors
Leadership
Joe Madden
(Chair of the Board of Directors)Originally worked as Director of National Sales at Transgroup Worldwide Logistics, before holding a number of senior roles (ultimately CEO) at EOS Climate.
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