What does Apis Point Energy do?
Apis Point Energy offers price risk management solutions that help fuel wholesalers, distributors, and commercial buyers manage market volatility. Its proprietary platform provides forward contracts with fixed prices, ceilings, or floors on refined fuels and natural gas liquids, streamlining complex hedging processes.
How much did they raise?
The company secured $4.2M in Series A funding, with Merrin Investors, LLC leading the round and participation from Neal Shear and Joseph Kekst.
What are their plans for the money?
The funds will be used to expand operations and enhance development efforts, potentially improving the platform's capability to deliver robust energy price stability and risk management solutions during market fluctuations.
What have they achieved so far?
Apis Point Energy has already developed a proprietary platform that enables clients to manage fuel costs effectively, demonstrating tangible progress in mitigating market volatility.