Aquilon Energy Services provides a cloud-based Energy Settlement Network™ that enables energy participants to manage, access and settle large volumes of power, oil and natural gas transactions with counterparties. The platform supports automated settlement of both physical and financial energy transactions and includes software and service solutions for the energy industry. The company is led by founder and CEO Jeffrey Wagner and is based in Lisle, Ill., with an office in Houston. Aquilon plans to use the new funding to grow its Energy Settlement Network and to enhance features and functionality for settlements with independent system operators (ISO). The product roadmap includes expanded support for transactions involving power, natural gas, crude oil and refined products. The article does not disclose operating metrics such as revenue or user numbers.

Total raised

$19M

Funding rounds

1

Latest round

Series B

Latest activity

Feb 2017