OilX builds a supply–demand balance tool that visualises oil-market data drawn from satellites, marine intelligence, the Joint Organisations Data Initiative (JODI) and IIR Energy. The platform delivers a real-time digital overview that allows oil traders and analysts to monitor fluctuations and identify patterns. Founded in 2018 and based in London, the company serves a global client base at the intersection of oil and fintech. OilX plans to use new funding to invest in data engineering and to expand its application from crude oil to refined products. The company raised $2.2 million from Citi and South Korea’s GS Caltex to support that next growth phase. CEO Florian Thaler has positioned the firm as working with strategic partners across trading and fintech to scale its market intelligence offering.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2020