Principal, Strategic Institutional Capital

About the Company

Crux Climate

United States

21-50

<p><span style="font-weight: 400;">Clean energy development is poised to boom, but we urgently need to make sustainable finance more efficient to move as quickly as needed. The Inflation Reduction Act (IRA) will make hundreds of billions of dollars of tax credits available to companies building facilities or producing clean power and materials. And for the first time, these credits are transferable &ndash; creating a new and powerful market mechanism to fund energy transition projects. The market for transferable tax credits needs new standards, more buyers, expanded financial products, and purpose-built software.&nbsp;</span></p> <p><strong>Crux exists to make sustainable </strong><span style="font-weight: 400;"><strong>finance more efficient and interconnected. </strong></span></p> <p><span style="font-weight: 400;">Our network and tools help developers, tax credit buyers, and financial institutions transact &amp; manage transferable tax credits by streamlining price discovery, project diligence, transaction closing, and reporting.</span></p> <p><span style="font-weight: 400;">Crux Climate is founded by </span><a href="https://www.linkedin.com/in/alfredjohnson01/"><span style="font-weight: 400;">Alfred Johnson</span></a><span style="font-weight: 400;"> &amp; </span><a href="https://www.linkedin.com/in/allen-kramer-9810883a/"><span style="font-weight: 400;">Allen Kramer</span></a><span style="font-weight: 400;">. They previously founded Mobilize (acquired by Insight Partners-owned EveryAction in 2020). Alfred was most recently Deputy Chief of Staff of the Treasury Department. Before Mobilize, he led Sales/People for Clara Lending, and was a Vice President at BlackRock. Before Mobilize, Allen worked at Bain &amp; Company and Assured Labor.&nbsp;</span></p> <p><span style="font-weight: 400;">We are an early-stage mission-driven company backed by some of the best investors, including Lowercarbon Capital, New System Ventures, Overture, Ardent Venture Partners, the Three Cairns Group, and QED via their Bolt program. These funds are joined by individual investors including the founders of multi-billion dollar finance and clean energy companies; top energy finance lawyers; and the partners of leading venture capital firms. Strategic investors in the company collectively generate billions of dollars of tax credits annually.</span></p> <p><span style="font-weight: 400;">We are building a company where people care for each other, build and improve rapidly, and focus unremittingly on the needs of our partners and customers. We care about building a team that reflects and embraces the breadth of experiences in the country. </span></p>