Apis Point Energy Raises $4.2M Series A to Scale Proprietary Platform Designed To Eliminate Fuel Price Volatility for Fuel Distributors and Their Customers

Apis Point Energy, a provider of innovative price risk management solutions for fuel dealers and commercial end-users, today announced it has closed an oversubscribed $4.2 million Series A funding round. The investment was led by Merrin Investors, LLC, the investment firm of FinTech pioneer Seth Merrin, founder of Liquidnet. Other strategic investors included Neal Shear, former Global Head of Commodities at Morgan Stanley and former CEO of Cheniere Energy, and Joseph Kekst, founding partner of Boxcar Partners.

At a time of increasing uncertainty, inflation, and volatility across many staples, Apis Point helps fuel distributors achieve a critical advantage: predictable and competitive pricing. Fuel distributors using Apis Point’s risk management solutions can, for the first time ever, confidently lock in favorable fuel prices, enabling them to offer attractive, stable pricing directly to their customers. Recognizing that households may spend between 5% and 10% of their income on heating oil, distributors who leverage Apis Point’s services not only provide pricing certainty but also significantly enhance their competitive position. This approach helps distributors retain customers through increased loyalty and longer-term commitments. This is essential in markets where customer switching between suppliers is common. Beyond customer retention, Apis Point’s solutions deliver substantial added value directly to fuel distributors by creating opportunities for increased margin, significant cost savings, and vital protection against volatile market swings. By mitigating risks and stabilizing pricing, distributors are better positioned to enhance profitability, financial resilience, and overall business sustainability. “Our goal is to empower our customers to deliver clear value, both financially and competitively, to their end consumers,” said Coleman Shear, CEO and Founder of Apis Point. The recent funding will accelerate the development and reach of the platform, expanding opportunities for fuel businesses of all sizes to price competitively without compromising profitability, while solidifying long-term customer relationships.

The Benefits of Apis Point’s Risk Management Platform:

• Price Stability: Lock in long-term pricing, mitigating risks from price fluctuations and ensuring operational certainty.
• Enhanced Competitive Positioning: Offer competitive pricing to clients, fostering stronger customer loyalty.
• Data-Driven Insights: Utilize advanced analytics to access real-time forecasting and strategic market insights.
• Customer Relationship Strengthening: Improved pricing stability increases customer satisfaction and retention.
• Operational Efficiency: Streamlined processes reduce complexity and allow distributors to focus on growing their businesses.

“Apis Point has created a unique and scaleable offering that creates an unfair competitive advantage for fuel distributors by helping their respective customers to better manage their fuel bills,” said Seth Merrin, Managing Partner Merrin Investors, LLC. “Fuel distributors have historically lacked access to sophisticated price risk management tools available to large oil companies. Coleman and his team are solving this critical gap, providing a reliable way for fuel dealers to secure margins and offer stable pricing. We’re excited to support Apis Point’s growth.”

“We’re thrilled to have such experienced investors behind us,” said Coleman Shear, CEO of Apis Point Energy. “This funding round strongly validates our mission to protect fuel businesses and their customers from what might be an extended period of volatility. With this new capital, we’ll rapidly enhance our platform and broaden its reach, ensuring fuel distributors of all sizes can confidently deliver price stability to their customers.”

About Apis Point Energy

Apis Point Energy provides innovative price stability and risk management solutions to fuel wholesalers, distributors, and commercial buyers. The company’s proprietary platform offers forward contracts with fixed prices, ceilings, or floors on physically delivered refined fuels and natural gas liquids, enabling clients to manage fuel costs effectively amid market volatility. Apis Point’s technology platform manages complex hedging processes behind the scenes, allowing clients to focus on their core business—delivering energy. Founded by Coleman Shear, CFA, Apis Point Energy is headquartered in New York.

For more information:
Visit apispoint.energy

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