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

Funding Rounds

▤ Summary

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.

$ Funding

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Amount $12.0M Total raised
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Date May 6, 2021 Announcement date
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Investors Mercury Fund Lead investors
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Company http://www.molecule.io Funded company

▥ Classifications

industries
Energy & Natural Resources
applications
Data Management

◇ AskAI Classifications

Labels
ETRM Software CTRM Software Commodity Trading Software

▦ Linked Companies

Molecule Software
$1M to $5M