BP and Occidental chipped into the first round for the data-commodity trading platform since it was formed through the merger of CBL Markets and Xpansiv.
US-based data trading service Xpansiv CBL Holding Group (XCHG) completed a $25m funding round yesterday featuring oil and gas suppliers BP and Occidental, through subsidiaries BP Ventures and Oxy Low Carbon Ventures.
Investment banking firm Macquarie Group also participated in the round, the first since XCHG was formed through the June 2019 merger of spot energy and environmental commodities exchange CBL Markets and commodities data platform developer Xpansiv.
XCHG has built a digital platform that coverts commodities data into Intelligent…
