Molecule Completes $12M Series A to Bring Cloud-Native ETRM/CTRM to Global Market

Molecule, provider of the most advanced cloud-native software for Energy/Commodity Trading and Risk Management (ETRM/CTRM), has secured significant additional funding from a group of existing and new investors. HOUSTON, May 6, 2021 /PRNewswire/ -- Molecule, the leading SaaS platform powering the energy transition, announced the close of their $12 million Series A preferred round of funding. "We led the seed round of Molecule upon their formation and are excited to participate in their Series A," said Blair Garrou, co-founder and Managing Director of Mercury. Because Molecule was built in the cloud, the team can complete implementations in about ninety days – meaning they can respond quickly to the changing needs and complexities of the energy industry. Our investment themes focus on SaaS, Cloud, and Data Science/AI platforms enabling the digital transformation of markets and industries.