Global carbon and environmental commodities market infrastructure platform Xpansiv and decarbonization-focused growth investor Verdane announced today a new strategic partnership, with Verdane leading a major capital raise by Xpansiv.
The companies said that the new capital will support Xpansiv’s acquisition strategy and expansion into new products, asset classes and geographies.
John Melby, CEO of Xpansiv, said:
“This partnership enables us to move faster on acquiring next-generation solutions to complement our internal innovation, expanding the breadth and depth of what we can offer customers globally.”
Xpansiv provides market infrastructure for energy and environmental commodities, enabling participants to trade, manage and access data across markets including carbon, renewable energy, clean fuels and water.
The new investment follows a series of acquisitions by Xpansiv over the past four years, including energy and environmental registry infrastructure provider APX, market execution services provider Evolution Markets, and Evident, the UK-based operator of the I-REC(E) registry.
Xpansiv said that the new investment will support the continuation of its acquisition strategy as it expands its global energy and environmental markets infrastructure platform.
Investors in the company include Blackstone Group, Verdane, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures and Commonwealth Bank.
Melanie Campbell, Principal at Verdane, said:
“Xpansiv operates the market infrastructure for the global energy transition, and that position strengthens as reporting and compliance obligations widen. Infrastructure of this kind takes years to build, and no one else has assembled it end to end. We look forward to partnering with Xpansiv and helping it scale to meet growing global demand for its platform.”
