We’re excited to announce that General Index (GX) has raised a $10 million Series A extension round, led by Molten Ventures, to accelerate our mission of transforming global commodity and energy pricing through transparent, technology-driven solutions.
This new investment will help us expand our product offering, enhance our technology platform, and drive innovation across global energy and commodity markets, making pricing more accessible, compliant, and efficient for all participants.
Transforming Commodity Pricing for a New Era
Founded in 2020 by Neil Bradford, General Index was built to bring fairness, transparency, and innovation to price reporting. Our leadership team has decades of experience scaling successful businesses in energy data and financial markets, and we’re applying that expertise to modernize how prices are created and shared.
By offering a technology-first alternative to traditional price reporting agencies, General Index delivers transparent and compliant pricing data for energy and commodity markets. We now produce over 5,000 daily benchmarks across crude oil, natural gas, refined products, and LPG - and we’re rapidly expanding into emerging sectors such as carbon, hydrogen, and biofuels.
Already trusted by Bloomberg, BP, and ICE, General Index is well positioned to become a leading global benchmark provider as demand for transparency, automation, and data-driven insights continues to grow in this multi-billion-dollar sector.
Partnering with Molten Ventures
We’re thrilled to have Molten Ventures join us as an investor and partner in this next phase of growth. Their deep experience in energy data and technology aligns perfectly with our vision to reshape the global pricing ecosystem. With their support, we’ll continue to scale our operations and technology to meet growing market demand.
Fuelling the Next Stage of Growth
The investment will enable us to to expand further into energy transition markets such as carbon, hydrogen, and sustainable aviation fuel, while supporting the development of GX Go to enhance access to real-time, transparent data.
Watch the launch keynote of GX Go with Neil Bradford here.
George Chalmers, Partner at Molten Ventures, commented: “We’ve tracked General Index for over a year and have been consistently impressed by Neil and his team’s ability to win trust, deliver innovation, and drive adoption in a notoriously entrenched market. As energy markets evolve and new asset classes emerge, we believe GX is uniquely positioned to become the next global leader in commodity and energy data. We’re excited to support their journey and look forward to working closely with the team as they scale.”
Neil Bradford, CEO of General Index, said: “We’re excited to work with Molten because our vision aligns with their investment thesis and they bring great expertise from similar investments. Molten’s investment is a strong endorsement of our vision to redefine commodity pricing and of the progress we’ve made so far. With their backing, we’re well positioned to scale our platform and bring the benefits of transparent pricing to an even wider range of markets.”
About Molten Ventures
Molten Ventures plc is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses. Currently, MoltenVentures is a shareholder in a diverse portfolio of companies including Revolut, Ledger and ICEYE.
For more information please visit: www.moltenventures.com
