Crux
- Company typePrivate
- Founded2023
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Crux does
Crux is a B2B capital markets platform for clean energy finance, founded in 2023 and headquartered in New York. The company operates an AI-powered marketplace that intermediates transferable federal tax credits (under IRC Section 6418), debt capital (construction, bridge, permanent loans), tax equity, and preferred equity for clean energy developers, sponsors, manufacturers, corporate tax buyers, lenders, and legal advisors. Core products include a Transferable Tax Credit Marketplace, Debt Capital Markets, Tax and Preferred Equity, and a Market Intelligence product built on a $55 billion transaction dataset. The technology stack combines LLM-powered Document Intelligence (developed with Norton Rose Fulbright), an AI-driven Diligence Suite, and Box-hosted data rooms with SOC 2 Type 2 attestation.
Crux firmographics
Firmographics- Name
- Crux
- Legal name
- Crux Climate, LLC
- Website
- https://cruxclimate.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Crux industry classification
Industry- Product category
- Clean Energy Capital Markets Platform
- NAICS
- Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Congestion Revenue Rights (CRR) Trading (EUAGALAB)
- akta.pro secondary industries
- Credit Risk Transfer (CRT) & Mortgage Credit Securities (CAS/STACR/ACIS) (FSALAFAH), CRM Strategy & Consulting (BPAFAFAA)
Keywords
Where Crux is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Crux business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Crux charges fees in connection with Transactions executed on the Platform. The company is not party to Transactions between Buyers, Sellers, and third parties transacted on the Platform, though Crux may be a third-party beneficiary for purposes of paying certain Fees. Crux has the right to modify bid terms to account for payment of fees to Crux or other fee collecting parties including Intermediaries.
- Marketplace Commission: Operates a marketplace for financial institutions, clean energy developers, and tax credit buyers to trade tax credits for project financing. Facilitates transactions across transferable tax credits, debt capital markets, and tax equity with fee-based model.
- Advisory Services: Provides advisory services to project developers, IPPs, manufacturers, utilities, and sponsors on capital raises, transaction structures, and placement across transferable tax credits, debt, tax equity, and preferred equity. Advisory fees are charged for strategic guidance and comprehensive capital formation support.
- Managed Capital Products: Provides investors and corporate tax credit buyers with tailored capital solutions, advisory, and risk mitigation across tax credits, debt, tax equity, and preferred equity through disciplined sourcing, innovative structuring, and robust protection controls.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based pricing for platform users |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
Crux product offering
Product offeringCore offering
Crux operates an AI-powered capital markets platform that modernizes capital raising and deployment for clean energy and critical infrastructure. The platform connects clean energy developers, sponsors, and manufacturers with corporate tax credit buyers, lenders, and investors to transact transferable federal tax credits, debt capital, and tax/preferred equity. It provides end-to-end execution support including a marketplace, secure data room, AI-driven diligence and document intelligence, market intelligence, and full-service advisory.
Product overview
Crux is a capital platform for the clean economy that offers a unified platform-plus-modules architecture. The core platform provides AI-powered transaction infrastructure connecting developers, investors, and corporate tax credit buyers. The main product modules include: the Transferable Tax Credit Marketplace for buying and selling federal tax credits under IRC Section 6418; Debt Capital Markets for construction, bridge, and permanent loans; Tax and Preferred Equity for tax equity and hybrid partnership flip structures; and Market Intelligence built on $55B in transaction data. Supporting modules include the Diligence Suite with Document Intelligence for AI-powered document review and extraction, and specialized guidance for energy storage and advanced manufacturing tax credits. The platform serves developers, sponsors, manufacturers, tax credit buyers, lenders, and legal/advisory teams.
Differentiator
Problem solved
Functional benefit
Products and services
- Transferable Tax Credit Marketplace A marketplace platform for buying, selling, and intermediating transferable federal income tax credits under section 6418 of the Internal Revenue Code, enabling clean energy developers to monetize tax credits and corporate buyers to offset federal tax liability.
- Debt Capital Markets Debt financing solutions for construction, bridge, permanent, and other loan structures for clean energy projects, backed by expert advisors and market intelligence.
- Tax and Preferred Equity Investment structures including tax equity and preferred equity financing for clean energy projects, underwritten by Crux's expert team and executed with rigor and transparency.
- Market Intelligence Industry-leading market intelligence built on $55 billion in transaction data, providing market clarity, expert analysis, and integrated perspective for investment decisions across capital markets, policy, and energy fundamentals.
- AI-Powered Transaction Platform An AI-native technology platform that streamlines transaction diligence and execution by unifying participants, documents, data, and workflows in a single secure system, featuring digitization, automation, and integrated market intelligence.
Quantifiable outcome
- 30%+ faster deal closes using Crux's data room
- +5 more outcomes
Companies that use Crux
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles5 records
Crux technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability6 records
Feature6 records
Crux partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- Linea Energycore$457 million tax equity financing for 172 MW Watertown solar project in Michigan. Includes $299 million in project debt from syndicate led by Santander.
- Greenberg TraurigminorShareholders hosting presentations on transferable tax credit market for clean energy projects with speakers from Crux.
- Cloudbreak EnergycoreSafe harbor financing facility for 106 MWdc of distributed generation assets in Colorado and Maryland, preserving ITC eligibility and mitigating FEOC risk.
- Bildmore Clean EnergycoreCapital provider for safe harbor financing, backed by EnCap's Energy Transition Fund II, providing debt capital markets solutions through Crux platform.
- Origis Energycore$340 million tax equity investment for 413 MWdc utility-scale solar project in Texas. Hybrid partnership flip structure leveraging transferability of federal investment tax credits.
- NovogradaccoreCo-hosting conferences including Spring Renewable Energy Tax Credits Conference, collaborating on domestic content tax compliance tools.
- Financial Executives International (FEI)coreJoined FEI's Strategic Partnership Program to provide members with insights, guidance, and expertise on clean energy tax credits and market trends.
- Summit Ridge Energycore$244 million tax equity investment in ~200 MW community and commercial solar portfolio in Illinois using hybrid partnership flip structure.
- Norton Rose Fulbright (NRF)coreCollaborated to define taxonomy of key terms for Document Intelligence feature. NRF helped establish what terms and concepts advisors look for during diligence, which LLMs then extract from documents.
- Latitude StudioscorePartnership to produce Critical Capital podcast covering dynamics shaping the future of energy, launched April 2026.
- American Clean Power AssociationcorePartnership to support future tax credit transfers, bringing together industry expertise and market infrastructure.
- LegalistminorInvestment firm facilitating multi-million investment into American solar manufacturing company through Crux platform.
- Schneider ElectriccoreCollaborated to facilitate purchase of §45X tax credits from Silfab Solar, demonstrating partnership approach to clean energy manufacturing transactions.
- SunRay PowerminorClean energy developer that accesses better project financing through Crux's platform. Featured as customer case study.
- 40+ Law FirmscorePartnership with leading law firms to co-develop standardized documentation, build AI-powered review tools, and create programs making high-quality legal support accessible to more market participants.
- Bill DaleycoreFormer U.S. Secretary of Commerce and Treasury official serving as Senior Advisor, bringing government expertise and connections to policy discussions.
- Box, Inc.coreData room hosting provider enabling secure sharing of transaction information among parties. Subject to Box Terms of Service and privacy practices.
Scale indicators17 records
Recent moves6 records
Expansion highlights6 records
Crux competitors and assessment
Company assessmentDirect peers
- LevelTen Energy: Operates a marketplace for renewable energy power purchase agreements (PPAs) and clean energy contracts, with broker-dealer services and market intelligence—directly overlapping Crux's marketplace, market data, and intermediation model in clean energy.
- CleanCapital: Specializes in financing for mid-market clean energy and sustainability projects, providing structured debt and tax credit investment solutions across distributed and community solar—directly comparable to Crux's developer-facing financing and tax credit marketplace offerings.
- Pexapark: Provides renewable energy PPA price references, market intelligence, and risk management software for wind and solar—directly analogous to Crux's Market Intelligence Dashboard and pricing benchmarks built on transaction data.
- EnergySage: Online marketplace connecting solar shoppers and installers with financing options—comparable marketplace model in distributed solar but at the residential/light commercial segment rather than utility-scale tax credit transfers.
Broad incumbents
- Generate Capital: Manages a large balance sheet financing sustainable infrastructure projects (solar, storage, EVs, district energy) with debt and structured equity—overlaps with Crux's role as a debt-and-tax-equity capital intermediary, though operating as a principal rather than marketplace.
- BloombergNEF: Provides market-leading research, data, and analysis on clean energy, capital markets, and policy—directly comparable to Crux's Market Intelligence product but at far broader scale across all energy transition sectors.
- Wood Mackenzie: Global energy research and consulting firm covering renewables, power markets, and tax credits—competes with Crux's market intelligence and advisory functions across the energy finance stack.
- Clearway Energy Group: One of the largest US clean energy developers and investors; a strategic investor in Crux and a major issuer of tax credits—operates on the supply side of the same market Crux intermediates.
- Pattern Energy: Global renewable energy developer and operator with significant tax credit origination; similarly a strategic investor in Crux and a producer of credits in the platform's network.
- Macquarie Asset Management: Global infrastructure investor with one of the largest green investment platforms; acts as tax equity, debt, and tax credit investor—operates at much larger scale than Crux on the buy-side of the same tax credit and clean energy debt markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Crux social profiles
Digital presenceCrux compliance and trust
Trust signalCompliance1 record
Crux financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crux leadership team
Management profileNumber of profiles
Profiles15 records
Crux funding detail
Funding detailFunding overview
Funding rounds5 records
Investors24 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crux M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crux
What does Crux do?
Crux operates an AI-powered capital markets platform that modernizes capital raising and deployment for clean energy and critical infrastructure. The platform connects clean energy developers, sponsors, and manufacturers with corporate tax credit buyers, lenders, and investors to transact transferable federal tax credits, debt capital, and tax/preferred equity. It provides end-to-end execution support including a marketplace, secure data room, AI-driven diligence and document intelligence, market intelligence, and full-service advisory.
Is Crux a public or private company?
Crux is a private company. It is classified as venture growth investor backed and is currently operating.
When was Crux founded?
Crux was founded in 2023. It employs 51 to 100 people.
Where is Crux based?
Crux is headquartered in New York, United States, in the North America region.
How does Crux make money?
Four revenue lines are on record. Transaction Fees are the primary driver. The others are marketplace Commission, advisory Services and managed Capital Products.
Who are Crux's main competitors?
Direct peers on record are LevelTen Energy, CleanCapital, Pexapark and EnergySage. Broad incumbents are Generate Capital, BloombergNEF, Wood Mackenzie, Clearway Energy Group, Pattern Energy and Macquarie Asset Management.
Does Crux have an API?
No public API is recorded for Crux.
What industry is Crux in?
Crux's product category is Clean Energy Capital Markets Platform. Its primary akta.pro industry code is EUAGALAB, Congestion Revenue Rights (CRR) Trading, with a secondary code of FSALAFAH, Credit Risk Transfer (CRT) & Mortgage Credit Securities (CAS/STACR/ACIS). Its NAICS code is 52321 and its SIC code is 6211.