LONDON, July 16,
2024 /PRNewswire/ -- Quantum Commodity Intelligence
(QCI), the world's leading independent price reporting agency for
international oil, carbon, biofuels and ammonia markets, has raised
£12.5 million in growth capital. The investment from US-based VC
firm Elephant represents a minority stake in the business.
Co-CEO of QCI Andy Allan said, "As a boot-strapped,
employee-owned, commodity intelligence business, we are proud of
the platform and brand we have created in just three years. This
funding from Elephant will help scale our business faster while
better serving our clients, who are faced with the task of managing
risk while addressing the complex challenges of helping the world
reach net zero emissions."
QCI will use the capital to broaden its existing services,
expand its global presence and launch additional commodity
verticals associated with the energy transition.
"Through the company's deep expertise in multiple commodity
markets, QCI is providing essential commodity intelligence to some
of the world's biggest companies that are most exposed to the
energy transition. The commodity intelligence and benchmark space
is changing and QCI is best placed to gain market share from
incumbents and take a key position in nascent sectors," said
Christopher De Souza, Partner at
Elephant.
About QCI
Quantum Commodity Intelligence is the world's first price
reporting agency dedicated to providing commodity market
intelligence for energy transition and carbon markets. London-headquartered, the company provides
commodity benchmarks for carbon offsets, crude and oil products,
biofuels and environmental certificates as well as ammonia. In
addition to its benchmark pricing, QCI offers clients access to
real-time, market-moving news and data. Founded by industry experts
in 2021, it has registered offices in London, Dubai
and Singapore. Its clients include
energy majors, law firms, consultants, governments as well as
suppliers and buyers of low-carbon commodities who use QCI
proprietary price assessments and intelligence to manage risk.
Nearly 40,000 industry professionals have accessed QCI services
since October 2021 and the company
has clients in more than 100 countries.
www.qcintel.com
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