TruMarx closes $7.2 million deal

Cornerstone Angels, Bob Green, Tom Price, and B-Con LP also participated in the round. TruMarx is a developer of a cloud-based platform, COMET, intended to facilitate the negotiation and execution of bilateral OTC (over the counter) transactions. The company’s electronic tools are designed to increase profitability, streamline compliance and trading efficiency, and gain compelling, competitive advantage for OTC energy participants. Claiming over 260 corporate subscribers and over 1000 individuals users, COMET, with its full audit trail, customizable contract and publishing features, provides an effective means to confidentially negotiate and execute an OTC transaction. Platform features include electronic and confidential posting of a requirement, one-to-one negotiation of terms, automated transaction confirmations, and more.