General Index, the new alternative to traditional high-cost Price Reporting Agencies (PRAs), has reeled in a significant seed funding round from investors who share in the organisation’s vision of fair access to critical commodity data.
Founded in response to industry demand for more competition and transparency within the market, General Index has grown dramatically – partnering with some of the world’s largest IOCs, NOCs and global traders – since its inception in 2020. General Index will use the funding to invest further in its unique technology and build out a global footprint from their London, Singapore and Houston offices: Enabling the firm to continue its disruptive, consistent and compliant approach, and paving the way for the new benchmarks of tomorrow.
“We’re delighted that our investors believe in bringing choice and change to the market as wholeheartedly as we do. Our technology-led approach has put a smile on the faces of many industry players already, and with this additional funding, we’re extremely confident that the momentum we are gathering will only increase.”
- Neil Bradford, CEO and Founder, General Index
Leading London VC Chalfen Ventures led the financing round with participation from twenty individual investors bringing expertise across technology, DeFi, blockchain, trading, energy and disruptive information businesses. The investors share General Index’s vision of building a platform providing accurate and transparent commodity pricing – and see this as key to a more fair and sustainable way of doing business.
Andrew Wheeler, Marketing Manager