Pricelock Locks In $12M

Redwood City, CA-based Pricelock, an online service that helps businesses buy fuel and carbon credits at guaranteed prices, said yesterday that it has raised $12 million in Series B financing. New investors Barclays, RenaissanceRe Ventures, and Travelers Insurance joined existing investor Artiman Ventures in the round. The company also has backing from Goldman Sachs. “This new round of funding is especially timely given the current volatility of the oil market, and we have exciting plans for these funds,” Pricelock CEO and founder Robert Fell said in a statement. “Not only will we continue to upgrade our service to existing customers, we will focus on raising awareness of how our solutions can help businesses of all sizes in tough times, and we will bring innovation to the commodity industry, which historically has been a lagging adopter of technology.”

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/