Intercontinental Exchange will launch a heating oil futures contract for delivery into the New York harbor on July 29 to challenge contracts offered by CME's New York Mercantile Exchange.
The venture capital industry is starting to make some progress in its effort to improve gender and racial diversity, according to a report from Deloitte and the National Venture Capital Association. Since 2016 the number of venture capital firms running inclusion or diversity efforts has almost doubled, the report says.
Carbon, a startup digital manufacturing platform, raised $360 million in a funding round that gave it a $2.4 billion valuation. With the new money it plans to grow in Europe and Asia and pick up the pace of research and development.
Budderly, a startup that helps corporate clients cut their energy costs, raised $55 million in equity and debt in its most recent round of financing. The company aims to manage about $3 billion in clients' energy spending in the next decade.
Cobalt Robotics, a startup that makes robots designed to help human security personnel patrol offices, parking lots and warehouses, raised $35 million in its most recent funding round. The new money will be used to fund a nationwide expansion, said CEO Travis Deyle.
Ocrolus, a startup that analyzes financial documents, raised $24 million in a recent funding round. The new capital will be used for expansion into functions relating to consumer lending and bank underwriting, according to co-founder and CEO Sam Bobley.
Omnidian, a startup that provides a variety of services to owners of residential, commercial and industrial solar installations, raised $15 million in its most recent funding round. The new money will finance growth in the US.
Norway-based eSmart Systems, a startup that helps energy utilities monitor their systems, evaluate their condition and fix problems, raised $34 million in its most recent funding round. The company plans to press ahead with international expansion.
DayTwo, an Israeli health tech startup that uses gut profiling and other clinical data to personalize nutrition, raised $31 million in its most recent funding round. Investors included Johnson & Johnson and Seventure Partners, among others.